OST Business Bureau
Bhubaneswar, Dec 28:
The Odisha government today entered into an agreement with technical consultant WAPCOS to carry out the feasibility study for development of a riverine port, the first of its kind in the state, on Mahanadi river at Paradip on the public private partnership (PPP) mode.
The riverine port, envisioned as a common user port for different industries, will come up with an investment of Rs 500 crore in the first phase, said an official of the Commerce & Transport Department, which inked the agreement with the consultant agency.
The Planning Commission is associated in implementing this project.
With a view to inviting bids for the proposed project, it has been decided to conduct a feasibility study for determining the technical feasibility and financial viability of the project. If found technically feasible and financially viable, the project will be awarded to the successful bidder selected through a competitive bidding process, said an official of the department adding that both private players and major port trusts can participate in the bidding process.
The feasibility study will be completed and the report submitted by 15th March, 2014. The total cost of undertaking this work willbe Rs 1.40 crore.
The riverine port is modelled on a similar port built on the Tapti river mouth in Gujarat.
It is to be noted that Paradeep Port Trust (PPT) had evinced interest in setting up a satellite port, identifying Bahuda Muhan near Gopalpur in south Odisha as a suitable location.
PPT is open to developing the port through the joint venture (JV) route with the state government.
It is looking to ramp up its capacity to 250 million tonnes from 106 million tonne presently by 2020.