September 11, 2014 [Indian Times] - The Cabinet Committee on Economic Affairs today approved setting up of an additional liquid bulk terminal at Jawaharlal Nehru Port Trust (JNPT) at an estimated total cost of Rs 2,496 crore, which will facilitate industrial growth in the hinterland.
“The project will be taken up for implementation under the Private Public Partnership (PPP) mode on Design, Build, Finance, Operate and Transfer (DBFOT) basis,” an official statement said.
Therefore, the entire investment, of Rs 2,496 crore, on the project will be made by the Concessionaire.
The project is envisaged to be implemented in two phases with overall capacity as 26.6 Million Tonnes per Annum (MTPA).
- Phase I includes construction of four berths to accommodate vessels of size up to 180,000 Dead Weight Tonnage (DWT) with a capacity of 15 MTPA. DWT is the sum of the weights of cargo, fuel, water, provisions, passengers, and crew.
- Phase II envisages construction of two additional berths for 180,000 DWT vessels with a capacity of 11.6 MTPA.
The project would enhance the liquid bulk cargo handling capacity of JNPT from the existing 5.5 MTPA to 20.5 MTPA by 2017-18 in the Phase-I.
Capacity would go up to 32.1 MTPA with the commissioning of Phase-II by 2025-26, the statement added.
This infrastructure will facilitate industrial growth in the hinterland and also reduce transaction cost for users who are suffering high waiting time in the existing berths.
The project will also create, additional employment opportunities and lead to socio-economic development of the region.
The infrastructure will have technology for handling bulk liquid cargo. Private participation will improve efficiency in handling of bulk liquid cargo through technology and also by applying improved management techniques.
