Union Minister of Road Transport & Highways and Shipping Nitin Gadkari on Friday said Paradip port in Odisha would witness investment of Rs 50,000 crore in the next five years with process initiated to raise the capacity of the port three-fold to 325 million tonne of cargo per annum by 2025.
Last week Paradip port received award over reducing its vessel turn round time from 7.01 days in 2014-15 to 4.50 days during 2015-16 and increasing Berth Day output from 17,736 metric tonnes to 21,139 metric tonnes.
- Centre developing 6 major ports: MoS for Shipping Mansukh Mandavia
- Major ports to desalinate sea water, says Nitin Gadkari
- Nitin Gadkari urges Korean businesses to invest in India’s roads, waterways
- Odisha places Rs 6,500 crore proposal in rail budget
- Paradip to be made a smart port, smart city: Nitin Gadkari
- Make in India boost? Shipping sector attracts investments worth $636 mn
Gadkari, who had gone to Bhubaneswar to attend the ‘Vikas Utsav’ of the BJP, said Paradip port would see investment in areas such as port-road connectivity and port-rail connectivity and contracts worth Rs 2,600 crore has already been awarded. He said a new port would be set up at Paradip at an investment of Rs 8,200 crore
Gadkari said his ministry has just unveiled an ambitious plan to build port and road projects worth Rs 25 lakh crore. Of this, work has already been initiated for projects valued at Rs 2.5 lakh crore. Quoting former US president John F Kennedy on American roads are not good because America is rich, but America is rich because American roads are good, he said India would adopt the same concept.