Development of Western Dock at Paradip Port
Paradip Port Trust, under the Ministry of Ports, Shipping and Waterways is inviting applications for the development of Western Dock at Paradip Port, the second largest major port of India.
The Cabinet Committee on Economic Affairs (CCEA) has approved a ₹3,004.63-crore project to enhance the facilities at Paradip Port, including the development of a Western dock. The dock is being developed to handle cape size vessels and the project includes deepening and optimization of Inner Harbour facilities.
The project would be built on the build, operate and transfer (BOT) model under the public-private partnership mode. Investment by PPP concessionaire spread over 5 years is $360mn (INR 2393 Cr) INR ₹2,040 Cr and INR 352.13 Cr for development of the dock and capital dredging respectively.
The project involves the construction of 2 berths of Length 490m and Width 280m with a total cargo handling capacity of 25 million metric tonnes per annum (MTPA). All dry-bulk/break-bulk cargo, both exports and imports will be handled and the draught will be 18.5m.
The project will be developed in 2 phases (12.5MTPA in each phase), will be constructed over a period of 5 years and the concession period will be 30 years. The total land area of the project is 770,000 sq. m. There is no land acquisition required and all MoEF clearances are available. The port is expecting high growth in projected Cargo traffic.
On commissioning of the project, it shall cater to the requirement of coal & limestone imports besides export of granulated slag & finished steel products considering the large number of steel plants established in the hinterland of Paradip Port. The project shall also facilitate (i) de-congestion of the Port, (ii) reduce Sea freight making coal imports cheaper, and (iii) boost the industrial economy in the hinterland of the port leading to creation of job opportunities.
Paradip port in Odisha is one of the 12 major ports under the control of the Centre, and India’s biggest state-owned cargo handler by volumes. Paradeep, also spelt Paradip, is a major seaport city and a municipality in Jagatsinghpur district of Odisha, India.