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| JSW to invest Rs 2,238 cr in Orissa port project |
| BS Reporter / Kolkata/ Bhubaneswar Jun 09, 2010, 00:52 IST |
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Eyes 10 million tonne cargo in Phase I
Jindal Infrastructure Limited, a JSW Group Company, which proposed to up a Rs 2238-crore captive deep sea port at Bichitrapur in Orissa's Balsore district, has targeted to achieve a cargo throughput of 10 million tonne per annum (mtpa) in the first phase.
The company will invest Rs 550 crore in the first phase which is scheduled for commissioning by 2013. The port's cargo handling is projected to reach 20 mtpa in the second phase to be operational by 2013 and 45 mtpa by 2020.
JSW Infrastructure will invest Rs 750 crore and Rs 938 crore in the second phase and third phase respectively.
The port will handle cargo like coking coal, thermal coal, met coke, dolomite limestone, iron ore, finished steel products, bauxite, gypsum and clinker.
Out of the total investment of Rs 2238 crore, JSW will invest Rs 230 crore on land development, Rs 243 crore on berths, Rs 120 crore on breakwaters and embankments, Rs 900 crore on dredging and Rs 366 crore on handling equipment.
Besides, Rs 150 crore will be invested on railway and road network while Rs 69 crore is earmarked for buildings and workshops.
The port project will generate direct employment for 500 besides creating indirect employment avenues for 5000 others.
The top officials of JSW Infrastructure today gave a presentation on the captive port project to the state Chief Secretary T K Mishra at the state secretariat. The port will have a maximum draft of 18 metres.
As per the land use plan of the project, the port back-up area including approaches will be 3500 acres, out of which 2500 acres will be developed through reclamation using dredged material and the balance 1000 acres will be provided by the state government.
The land development through reclamation will be done in a phased manner in which 500 acres will be developed in the first phase, 1000 acres in the second phase and 1500 acres in the third phase.
The company has undertaken the techno-economic feasibility study on the port which includes water level measurement, sea current measurement and discharge management as well as desk studies on rainfall, temperature, relative humidity, visibility, wind and wave conditions, storms and cyclones.
JSW has assured to develop the port at Bichitrapur as per the amended CRZ (Coastal Regulatory Zone) norms.
The company will prepare the Environment Management Plan for the project.
The port will be located at a distance of 35 km from the rail link, 30 km from the nearest National Highway (NH-60) and seven km from the nearest state highway (SH-4).
JSW's port will have a multiplier effect as it will encourage port-based industries like apparel parks, forging industry, leather industry as well as pharmaceuticals and biotechnology industries.
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