India: Great News for Haldia Dock II Development

Great News for Haldia Dock II Development

The Cabinet Committee on Economic Affairs has approved the projects for the development of multi¬purpose berths and mechanized berths with allied facilities on Design, Build, Finance, Operate and Transfer (DBFOT) basis at Haldia Dock II (North) for a period of 30 years at an estimated cost of Rs. 821.40 crore and at Haldia Dock II (South) for a period of 30 years at an estimated cost of Rs. 886.10 crore.

The Projects will enable Kolkata Port Trust to enhance its capacity by 23.4 MTPA and meet the demand for coal and other bulk cargo in the hinterland of Kolkata Port.

Industrial development, commerce and trade of the eastern and north eastern parts of India are inseparably linked with the growth of Kolkata Port. These projects are critical for meeting future needs for export and import of dry bulk cargo by various steel industries, power utilities and coal and iron ore mines and other local industries.

The two projects will also lead to the socio-economic development of the region and thereby generate more employment.

[mappress]

Press Release, March 7, 2013

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