India

Govt okays Rs 4,244 crore container terminal project at Tuna-Tekra on Gujarat coast

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved development of a Container Terminal at Tuna-Tekra, Deendayal Port at an estimated cost of Rs 4,243.64 crore.

The project will come up under Build, Operate & Transfer (BOT) basis under public-private-partnership (PPP) mode that will be given out through the international competitive bidding process.

In addition, an investment of Rs 296.20 crore will also be made for common user facilities which will be on the part of the Concessioning Authority toward development of common user facilities.

In addition to increasing the business potential of Kandla, the project will boost the economy and generate employment.

The project will cater to the future growth in Container Cargo traffic. From 2025, a net gap of 1.88 Million TEUs shall be available.

Deendayal Port (earlier known as Kandla port) is one of the twelve Major Ports in India and is located on the West Coast of India, in the Gulf of Kutch in the State of Gujarat.  Deendayal Port primarily services northern India including Punjab, Jammu and Kashmir, Uttar Pradesh, Madhya Pradesh and Rajasthan.

Initially, the Project will cater 14m draught vessels of 6000 TEUs and accordingly, common Access Channel will be dredged & maintained by the Concessioning Authority at 15.50m to navigate container vessels of 14m draught all round the clock.  During the concession period, the Concessionaire will have liberty to handle vessels up to 18m draught by deepening/widening its approach channel, berth pocket and turning circle.

IN Bureau

Recent Posts

India spent $14 tn on investments since Independence, more than half of it spent in last 10 yrs: Report

India's economic growth story has witnessed a remarkable surge in investment spending, with over half…

26 minutes ago

India should be branded as a ‘Responsible Capitalist’ nation: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has called for branding India as a "Responsible Capitalist" nation, emphasizing…

1 hour ago

Taiwan reports hike in Chinese military activity

Taiwan's Ministry of National Defence (MND) reported Chinese military activity on Saturday and detected 25…

1 hour ago

VINBAX 2024: Vietnam-India bilateral army exercise concludes at Kaushalya Dam

The fifth edition of the historic Indo-Vietnam Joint Field Training Exercise, VINBAX-2024, successfully concluded its…

18 hours ago

India-Russia strengthen defence ties at 22nd Working Group meeting on military technical cooperation

The 22nd meeting of the India-Russia Working Group on Military technical cooperation and defence industry…

18 hours ago

“I want to have strong representation of India at World Nuclear Exhibition 2025”: Sylvie Bermann

Sylvie Bermann, President of the World Nuclear Exhibition expressed confidence in India's nuclear supply chain…

20 hours ago