Under the government of India’s Sagarmala project, Paradip Port Trust (PPT) is all set to award the construction contracts of outer harbour to push the current cargo handling capacity to 150 million tonne per annum at an estimated investment of Rs. 8,200cr. In this connection, the consultant would prepare the Detailed Project Report (DPR) for the project, as the harbour is mainly designed to ship coal to the southern states, Chairman, PPT, Rinkesh Roy said, adding that the harbour is part of PPT’s grand plan to reach a cargo volume of 325 million tonne (mt) by 2025.
Last fiscal, PPT emerged as the second largest major port after Kandla and growing 7.5 percent year-on-year basis and this year, the target is to reach 90 mt and be in excess of 100 mt by 2017-18. In this year, petroleum, oil, and lubricants would be the key driver to cargo growth.