Home Energy News Port & Dam News Government approves Rs 1,145 crore PPP project at Mormugao Port

    Government approves Rs 1,145 crore PPP project at Mormugao Port

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    Mormugao Port

    The Central Government gave the nod to a Rs 1,145 crore project at Mormugao Port, Goa, for the redevelopment of berths on public-private partnership (PPP) mode. Mormugao is one of the 12 major ports in India. The project will be completed within 36 months from the date of award of concession. The project envisages reconstruction of 3 old berths and replacement of 38-year-old equipment by creating facilities for handling a variety of cargo like iron ore, bauxite, gypsum, limestone, fertilizers, steel coils and other general cargo at Mormugao Port catering to ships up to 1,85,000 DWT, the Ministry of Shipping said in a statement. The existing capacity of these old berths with 38-year-old iron ore handling equipment is 13 million tons per annum (MTPA). As a result of modernization of berths, more efficient operations due to this project and utilization of deeper draft of 19.5 meters being created in the port, an incremental capacity of 6.22 MTPA would be added, the statement said. The project includes construction of berths, buildings, railway lines, dredging and reclamation and installation of equipment, it said. The project will contribute to the industrial growth of Goa and will have a positive effect on industries such as steel, power, iron ore, agriculture, and cement.

    Source: economictimes.indiatimes.com
    Image source: wikimapia.org

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