Context: Cabinet approves Deepening and Optimization of Inner Harbour Facilities including Development of Western Dock on Build, Operate and Transfer (BOT) basis under Public-Private Partnership PPP mode to handle cape size vessels at Paradip Port

Implementation Strategy and Targets:

• The project would be developed by the selected Concessionaire on BOT basis. However, the Port will provide the Common Supporting Project Infrastructure.

Impact:

• 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

• Paradip Port Trust (PPT), a Major Port under Government of India and administered under the Major Port Trusts Act, 1963, was commissioned in 1966 as a mono commodity port for export of iron ore.
• In the last 54 years, the Port has transformed itself to handle a variety of Exim cargoes which include iron ore, chrome ore, aluminium ingots, coal, POL, fertilizer raw materials, lime stone, clinker, finished steel products, containers, etc.
• Paradip Port is a natural, deep-water port on the East coast of India in Jagatsinghpur district of Odisha.
• It is situated at confluence of the Mahanadi river and the Bay of Bengal.
• It is situated 210 nautical miles south of Kolkata and 260 nautical miles north of Visakhapatnam.
• The port is administered by the Paradip Port Trust (PPT), an autonomous corporation wholly owned by the Government of India.

https://pib.gov.in/PressReleasePage.aspx?PRID=1684632

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