Government announces major initiative of investment for Kandla Port worth over Rs 57,000 crore
The project is likely to unlock tremendous value for trade interests as well as employment avenues in the region, especially in the ancillary manufacturing and assembly units to come and operate in the cluster.
Government announces major initiative of investment for Kandla Port worth over Rs 57,000 crore
The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal announced major initiatives to boost the capacity at Kandla Port worth an investment of more than Rs 57,000 crores. The two major announcements include the construction of a new Mega Shipbuilding Project with an investment of Rs 30,000 crores.
The other major announcement is the development of a new cargo terminal outside of Kandla Creek at an investment of Rs 27,000 crores which will add 135 MTPA capacity to the Kandla Port.
The new Mega Shipbuilding Facility at the Kandla Port will develop technical capability in the country to manufacture big Very Large Crude Carrier (VLCC) or similar class of vessels with a capacity of up to 3,20,000 tonnes DWT.
The facility will have the capacity to produce 32 new ships and repair 50 old ships every year. Spread over an area of more than 8,000 acres, the new facility will have components like Marina, Fishing Harbour, Townships, and Marine Industrial Cluster.
The project is likely to unlock tremendous value for trade interests as well as employment avenues in the region, especially in the ancillary manufacturing and assembly units to come and operate in the cluster.
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On the other hand, in an attempt to restructure the Port, a new state-of-the-art port is being developed outside of Kandla Creek, towards Tuna. This new port will be developed using the 6 kms available waterfront. With an investment of Rs 27,000 crores, an additional capacity of 135 MTPA will be developed to the existing capacity of Kandla port.
The new port will handle all existing cargo jetties handling dry bulk cargo, with modern cargo handling equipment and more efficient evacuation systems. This will allow Kandla to be converted into Liquid Jetties, hence, building tremendous scope to handle liquid cargo. This will tremendously improve the waiting of Liquid Tanker Vessels and improve the Turnaround time of liquid vessels.
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