Paradip Port Trust drops plan to build new deep-water port

Viability concerns have made Paradip Port Trust to shelve plans to build an ambitious new deep-water port in its outer harbour.

The project was planned with an investment of Rs 8,767 crore to handle 140 million tonnes (mt) of cargo a year.
PPT is India’s second biggest state-owned port by cargo volumes.

In a written response to Parliament, Shipping Minister Mansukh Mandaviya said, “The outer harbour project was not found viable in the techno-economic project report.”

The proposed outer harbour port project-located adjacent to the south of the existing harbour – was designed as a satellite port of Paradip Port Trust and was to be set up as a major port under the Companies Act.

Image Credit : odishanewsinsight.com

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