Commemorating the occasion of Modi Government’s nine years in office, Chairman, Paradip Port Authority PL Haranadh on Wednesday highlighted the growth saga of Paradip Port while interacting with media.
On March 2015, Prime Minister Narendra Modi announced the Sagarmala Programme with a view to achieve the broad objective of promoting port-led economic development. The Paradip Port has implemented several capacity expansion projects on BOT basis with a total investment of Rs 3,260 crore during the last 9 years, said Haranadh.
They include Clean Cargo and Container Berth of 5 MMTPA capacity at a cost of Rs 430 crore, Development of new Iron Ore Terminal of 10 MMTPA at Rs 740 crore, Mechanization of 3 existing berths (EQ) of 30 MMTPA at Rs 1,440 crore to handle coal exports and Development of a New Coal Import Berth of 10 MMTPA at Rs 650 crore.
The 82 km- long Haridaspur-Paradip Railway line connecting Paradip Port to the rich iron ore mining hinterland in the Keonjhar areas has been completed at a cost of Rs 3,200 crore. The rail line has reduced the distance from Paradip to the Kalinganagar cluster of steel plants and iron ore mines.
By leveraging port-led industrialisation, Paradip Port has successfully attracted investments worth Rs 8,754 crore for the development of 769 acres of portland. The strategic initiative will facilitate establishment of industrial facilities with a combined capacity of 50.6 million metric tons per annum (mtpa) and generate employment opportunities for over 3,700 individuals.
Paradip Port has planned 99 initiatives under the Maritime India Vision 2023, at an investment of Rs 16,743 crore, out of which around 42 initiatives are completed.
Source : dailypioneer