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Rs 600 crore Port Development: Developer selection process initiated
Feb 20: The development of a greenfield non-major port is planned.
8As of now, the Techno-Economic Feasibility Report has been prepared.
8The operator is waiting for the instructions of the State Government for the selection of developer for the port .
8The master plan and Detailed Project Report for the project will be prepared by the selected developer and will be required to be approved by the State Government.
8While the requisite land for the project will be acquired by the Authority, the cost of the land has to be borne upfront by the selected developer.
8The total capital cost (excluding land acquisition) of the project is estimated to be approximately Rs 500 crore.
8The tentative cost of land acquisition for the project is approximately INR 56 crore.
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