Dighi Port says project on course

Dighi Port has said additional investment of Rs  1,000 crore is in the pipeline to add more capacity to its upcoming green field port in Raigad district of Maharashtra, which is progressing as per schedule.

The port, which already has two of the five berths commissioned, will go ahead with the remaining three as part of the phase one of the project, Dighi Port Chairman and Managing Director Vijay Kalantri has said. The total investment for the phase one of the port is Rs  2,500 crore, he said, adding that remaining berths will be added by December 2014. The company has already invested Rs  1,500 crore for the project.

A section of media had last week reported that the Maharashtra government, which technically owns the port, has decided to "scale down" the port project located in Raigad district. Dighi Port is being developed under a 50 year "Build, Own, Operate, Share & Transfer (BOOST)" agreement.