This was informed by state finance minister Amit Mitra on Friday.
According to the feasibility report of the project, the total cost is estimated at around Rs 4,231 crore.
Also Read
He further said that the erstwhile Left Front government's letter of intent given to a company for setting up a minor sea port at Rasulpur without going through the competitive bidding process was not in order.
"We thought that this process of giving a letter of intent without inviting competitive bidding was not right. So we cancelled it. The matter went to the court. The court ordered that the project be granted through competitive bidding only and that the details of it be placed in the court," Mitra told reporters.
The minister claimed that the project conceived during the Left Front regime was "totally flawed" entailing an expenditure of more than Rs 8,000 crore. Besides, there was the question of acquiring land at the Rasulpur for the project.
He said that a renowned consultant firm had been selected for conducting a feasibility study of the project.
"The company has submitted its report and a coastal area between Tajpur and Shankarpur on the Bay of Bengal in East Midnapore district is selected," he said.
"The port will be built through desilting and it won't affect tourism as the area has a guard wall along the coast. An 18.8 km long sea channel will be made for the entry of ships to the port," he said.
Asked about the cargo ship capacity for the new port, Mitra said: "In Haldia ships of 10-20 thousand tonnes of cargo can enter. But in this new port, ships of even 60 thousand tonnes of cargo can enter."
The state government will have to spend only Rs 150 crore out of the Rs 4,231 crore budget and the remaining expenses would be borne by the company building he port.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)