Adani Ports and Special Economic Zone (APSEZ)’s proposal for the development of a greenfield deep sea port at Tajpur, in the East Midnapore district, has been approved by the government of the Indian state of West Bengal.
The new deep seaport is expected to be built with an investment of $3.13bn (Rs250bn).
Go deeper with GlobalData
The West Bengal Maritime Board will issue the letter of intent (LOI) for the project to the APSEZ, reported The Indian Express.
West Bengal Urban Development Minister Firhad Hakim was quoted by The Times of India as saying: “Of the two companies that participated in the detailed project report, Adani Port was the highest bidder.”
According to the minister, around $1.8bn (Rs150bn) will be earmarked for the development of the port while $1.2bn (Rs100bn) will be for the development of infrastructure.
See Also:
Hakim also added that the state will be the project’s facilitator.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe deep seaport is anticipated to provide direct employment for around 25,000 people, as well as indirect employment for even more people.
Situated on the coast of the Bay of Bengal at Tajpur, the new port is expected to become the first deep seaport in the state.
Cape-sized vessels with a deadweight tonnage (DWT) of 100,000 tonnes will be able to enter the completed port.
The new port will be around 170km from West Bengal’s capital city of Kolkata, as well as about 380km and 100km from the industrial city of Asansol and the port city of Haldia, respectively.
