Paradip Port Trust
DEVELOPMENTAL PLANS OF PARADIP PORT TRUST
1) Deepening of Channel:
Paradip Port is undertaking the work of ‘Deepening of Channel’ at a cost of Rs.253.36 crores. The work has been awarded to Dredging Corporation of India who has commenced the work in June 2008 and is in progress. After deepening of channel, Port will be in a position to handle Cape size vessels (i.e. upto 1, 25,000 DWT). On completion of the project, the depth of the entrance channel and approach channel will be increased from 13.00 mtrs to 17.00 mtrs and 15.00 mtrs to 18.70 mtrs respectively. The likely date of completion of the project is March 2010.
2) Construction of New Berths:
a) One Iron Ore berth with back up facilities will be constructed on BOT basis through PPP model. Tendering process has been completed and the concession agreement for the aforesaid work has been signed on 1st July, 2009. The likely date of completion is March, 2011.
b) One Coal berth with back up facilities will be constructed on BOT basis through PPP model. Tender for the aforesaid work is under process and the likely date of completion is March, 2011..
c) Construction of Oil berth:It is proposed to construct one Oil berth with a capacity of 10MTPA at an estimated cost of Rs.172.97 crores. The likely date of completion is Mar.’2012.
d) Construction of one Multipurpose berth:
It is proposed to construct one multipurpose berth through PPP mode with an estimated cost of Rs.359.00 Crores to handle containers and other clean cargos. This facility will add about 5 MTPA to the present capacity. The likely date of completion is Mar.’2012.
e) Construction of a RO-RO Jetty:
One RO-RO Jetty for handling of Project cargoes at an estimated cost of Rs. 4.83 crores is under construction. The likely date of completion is Aug.’09.
A joint venture company has been formed to take up this new project. Rail Vikash Nigam Ltd. is taking up construction of this railway link between Haridaspur and Paradip which is of 82 Kilometers length at an estimated cost of Rs. 590.00 crores The Shareholders Agreement between RVNL, Orissa Industrial Infrastructure Development Corporation (IDCO), Paradip Port Trust, Essel Mining & Industries Ltd., Rungta Mines Ltd., Jindal Steel and Power Ltd., Steel Authority of India Ltd., POSCO India Ltd., MSPL Ltd. was signed on 11th October 2006. PPT's equity in this project is 10%. On completion of the project, there will be considerable reduction of the distance from Bansapani to Paradip and the freight will be reduced by 50%. The work has already started and expected to be completed by June 2010.
The 4-laning of the road from Chandikhole to Paradip (NH-5 A) has been taken up at an estimated cost of Rs. 442.00 crores. PPT has contributed Rs. 40.00 crores. The work is under progress and 96.49% of work has been completed as on Mar.’09. The work is being executed by NHAI through a special purpose vehicle and is expected to be completed by June 2009.
EXPECTED PORT CAPACITY AS ON MARCH 2012
Expected Traffic Projection as on March 2012
(Iin Million Tonnes)