The Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Ltd (SFCL), and the Odisha government will collaborate on a new major port at Bahuda in Ganjam district, with an investment of ₹21,500 crore. This port, designed to handle 150 million tonnes annually, will be India’s 14th major port and the second Union-owned port in Odisha, following Paradip.
Bahuda is set to accommodate deep-draft vessels ranging from 40,000 to 150,000 DWT and container ships with capacities of up to 6,000 TEUs. Currently, Odisha has two private ports, Dhamra and Gopalpur, operated by Adani Ports, with two additional projects underway.
An MoU for the project will be signed on September 20 in Bhavnagar, Gujarat, with Prime Minister Narendra Modi in attendance. SFCL, a newly established RBI-regulated NBFC, will provide tailored financing options, including short to long-term loans, to support various stakeholders in the maritime sector.
The Bahuda port project aims to enhance Odisha’s status as a key maritime hub by boosting trade, logistics, and industrial development, while also focusing on port modernization and connectivity improvements.
Share it now
