Follow Us:
Friday, July 03, 2020

GMB inks pact with Vadodara-based group firm for Rs 4060 cr port at Dahej

The Gujarat Maritime Board (GMB) has entered into a concession agreement with Sterling Port Ltd...

By: Express News Service | Ahmedabad | Published: June 25, 2014 6:14:32 pm

The Gujarat Maritime Board (GMB) has entered into a concession agreement with Sterling Port Ltd — a subsidiary of Vadodara based Sandesara Group — to develop the Dahej port in South Gujarat at an investment of Rs 4060 crore.

“The environmental and CRZ (Coastal Regulation Zone) clearance for the project has been received and the construction is under progress. In the Phase-I, two solid cargo terminals, a liquid cargo terminal and a container terminal would be commissioned at the cost of about Rs 2500 crore, while in Phase-II, one terminal each for solid, liquid and container would be added,” said an official of GMB, a state-run nodal agency for port development in Gujarat.

GMB had invited competitive bids for development of Dahej port in Bharuch District on Build-Own-Operate-Transfer (BOOT) basis. After evaluation of offers from various bidders, Sterling Port was shortlisted for development of the project.

The project has been awarded to Sterling Port Ltd for a 30-year concession to the company for development of an all weather direct-berthing port for handling dry bulk, liquid bulk and container cargoes at Dahej, the official added. The investment of Rs 4060 crore will be spread over a period of 10-12 years.

The proximity of the port to states like Madhya Pradesh, in addition to the cement and fertilizer plants nearby would contribute to the volume of trade that the port would handle. The total port capacity of Phase I & Phase II would be 41 MMTPA. This would be a significant capacity addition in the Gujarat’s non-major ports having total capacity of 387 MMTPA at present.

Located along the Dedicated Freight Corridor, the port facility would serve the chemicals, petrochemicals, pharmaceuticals and engineering industries located near the port. The port is also expected to immensely benefit from the development of PCPIR and SEZs in the immediate hinterland.

Apart from this project, Dahej houses the first dedicated chemical terminal of India developed by Gujarat Chemical Port Company Ltd., and an LNG terminal developed by Petronet LNG Ltd.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Business News, download Indian Express App.