The government has cleared jnpts land use plan (lup)and the capital dredging proposal that have been conceptualised on the basis of future traffic projections, jnpt chairman Ravi B Budhiraja told PTI here.
Under lup, jnpt has decided to develop back-up area for port operational activities such as warehouses, container freight station, ancillary facilities, utilities among others.
The government approval, obtained a few weeks back,mainly include coastal regulation zone (crz) approval from the ministry of environment and forest (moef), he elaborated.
The lup is spread over 1,100 hectares of which770 hectares will be needed for operational use while the remaining 330 hectares will be used for development purposes like rehabilitation, constructing new schools and nature park.
We are in the process of fixing the land prices and have asked cidco to advise us on it, he said.
Budhiraja said the infrastructure building process wouldrequire five to seven years, depending upon the demand.
Apart from land area expansion, jnpt is also gearingup for deepening its channel after the governments approval for dredging.
We are going to deepen our channel. Around 50 millioncubic metres of dredging work will be undertaken at cost of Rs 800 crore, spread over 27 months to allow large ships enter the port, he said.
Budhiraja also said the dredging cost will be funded bythe port itself either through its own resources or through borrowings from the financial institutions. A global tender will be floated next year for the project execution.
The project wont be handled by the Dredging Corporation of India as it wont be able to handle such a massive project alone, he said. May be it will team-up with somebody else.