Port Finance International Events - covering global port developments

Search site

RSS
Wednesday, 03 June 2015

JSWPTPL to develop $115m berth at Paradip Port

India’s  deepwater Paradip Port on the east coast of the country is to develop a new berth at a cost of $115 million to handle iron ore export.

The new berth will have a capacity of 10 million tonnes per annum (MTPA) and will be developed by JSW Paradip Terminal Private Limited (JSWPTPL). The firm will contribute $95 million of the costs and operate a 30 year concession while the remainder of the costs will be supplied by the port’s administrative authority, the Paradip Port Trust (PPT), an autonomous corporation wholly owned by the Government of India.

Located on the Bay of Bengal the in Jagatsinghpur district of Odisha, the port currently has 14 berths with a minimum draft of 13 metres. The most recent figures from the PPT show the port has an  annual cargo handling capacity of 108.50 million metric tonnes but expansion plans aim to increase this to over 133 million tons this year.

The concession agreement between PPT and JSWPTPL will develop the new iron ore berth on a build, operate and transfer (BOT) basis.

The port is in the midst of a raft of upgrade works that also include the development of a $29 million Southern Oil jetty that will have a capacity of 10 MTPA, a new multi-purpose cargo berth costing  $68 million and a deep draught coal berth costing an estimated $75 million.

As the PPT gears up the site to become a major energy export hub for the region it has proposed construction of an offshore breakwater with LNG terminals and new dock system.

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter