Wadhwan port DPR expected to be fianlised by March

By: |
Mumbai | Published: August 13, 2016 6:36:23 AM

Bansal said that the new-age port will be built to accommodate large-sized foreign vessels that require up to 60-80 metres of draft. “We need a port which has a natural draft of at least over 16 metres and Wadhwan has a 20-metre draft,” he said.

The proposed port will have a capacity of 40-60 million tonnes and Bansal said it could play a critical role in coastal shipping and in environmentally-friendly handling of cargo. (Reuters) The proposed port will have a capacity of 40-60 million tonnes and Bansal said it could play a critical role in coastal shipping and in environmentally-friendly handling of cargo. (Reuters)

The detailed project report (DPR) for the much-awaited major port of Wadhwan is expected to be completed and finalised before March 2017. Neeraj Bansal, deputy chairman, Jawaharlal Nehru Port Trust (JNPT), said on Friday that certain issues such as environmental clearances are being looked at afresh in the DPR with the possibility of reclaiming land from the sea in order to minimise land acquisition.

Bansal said that the new-age port will be built to accommodate large-sized foreign vessels that require up to 60-80 metres of draft. “We need a port which has a natural draft of at least over 16 metres and Wadhwan has a 20-metre draft,” he said.

The proposed port will have a capacity of 40-60 million tonnes and Bansal said it could play a critical role in coastal shipping and in environmentally-friendly handling of cargo.

In 1998, the Maharashtra government had given a mandate to erstwhile Peninsular and Oriental Australia Ports Pvt Ltd (now Dubai Ports World) to develop Wadhwan but this could not go ahead due to protests over its environmental impact. Reviving the project, a memorandum of understanding (MoU) was signed between Maharashtra Maritime Board (MMB) and JNPT for developing the port in March 2015.

Wadhwan port is intended to serve as a satellite port to JNPT

Do you know What is Long Term Capital Gains Tax, Repo Rate, Repo Linked Lending Rate (RLLR), Wholesale Price Index (WPI), Public Debt? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1Services exports up 4.4% at $13.3 bn in June, imports at $8.4bn
2UK keen on participating in ‘smart city’ project
3Duly consider public interest while deciding RTI on ITR: CIC