The detailed project report (DPR) for an international transaction port project on Great Nicobar Island in Bengal’s Bay, with an estimated investment of 41,000 rupees, is nearing completion. The government is set to continue the project implementation in the coming months, after receiving environmental clearances from the National Green Tribunal. This project aims to develop a high-capacity container port with the potential to process 16 million containers per year, positioning it strategically along the international trade route.
Last year, the Ministry of Ports, Shipping and Waterways announced the investment plan for the project, which includes contributions from the state and a public-private partnership concessionaire. Several major companies, including Larsen and Toubro Ltd, Afcons Infrastructure LTD, and JSW Infrastructure LTD, have shown interest in the project. The proposed port on the Andaman and Nicobar Islands is expected to boost trade and economic development in the region.
The project will be developed in four phases, with phase 1 estimated to cost around 18,000 rupees. Funding for the project will be through a public-private partnership model, allowing flexibility for the concessionaire to develop additional infrastructure based on market demand. With India’s increasing trade volume, this new port facility aims to cater to the growing demands of the shipping industry and reduce reliance on ports outside of India.
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