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.