Paradip Port to Invest Rs 16,000 Crore to Double Capacity in 10 Years
State-run Paradip Port on Friday said it will be investing Rs 16,000 crore in multiple projects over the next decade, more than doubling its existing capacity to over 270 million tonnes.
"We will be seeing investments of around Rs 16,000 crore to take our total capacity to over 270 million tonne per annum," chairman S S Mishra said while addressing an investor roadshow in Mumbai.
The 52-year old port's current capacity stands at 108 mt and it is the sixth biggest bulk handling port in the world. The projects include an investment of up to Rs 6,500 crore for the upcoming western dock, Mr Mishra said.
Other major investments will include a Rs 1,357.02 crore outgo on the mechanisation of the container quays 1 and 2, a Rs 5,600-crore investment for an LNG terminal in two phases and Rs 1,651.09-crore towards other mechanisation of the eastern quays 1, 2, and 3, he said.
Additionally, investments have also been lined up for dredging works, setting up a warehousing facility, truck terminal, a coal berth and a new iron ore berth, Mr Mishra said.
Majority of the works will be carried out through the public private partnership (PPP) route.
They are in different stages of development at present, right from technical studies to finalisation in some projects, he said.
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