Mumbai: The Paradip Port Trust (PPT) has received approval for its proposal to build two berths at the port to handle iron ore exports and coking coal imports respectively. The berths, to be constructed on a build-operate-transfer basis, would have a capacity of 10m tonnes each.
"We will now appoint consultants on financial and legal matters to prepare relevant documents and shortly invite bids," PPT chairman K. Raghuramaiah told Business Line.
The construction of both berths is estimated to cost Rs 893 crores ($219m) and is slated for completion by 2011. At present the port boasts 14 berths and an annual capacity of 51.4m tonnes. PPT plans to expand this capacity to 100m tonnes by 2012. [10/05/07]
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