Great Nicobar Island: Centre prepares for Rs 41,000 crore international transhipment port at Great Nicobar Island

A mega Worldwide Container Transhipment Port (ICTP) goes to be arrange on the Galathea Bay of Nice Nicobar Island of Andaman and Nicobar Islands. An official assertion issued on Friday stated that bids for growing this Rs 41,000 crore are being referred to as from Saturday onwards.

The primary section is focused for completion in 2028 at a dealing with capability of 4 million Twenty Foot Equal Models (TEUs). A TEU is an approximate unit of measure used for cargo containers. The capability of the port will enhance to 16 Million TEUs within the final stage of improvement.

“Progressive steps are being taken by the federal government underneath the management of Prime Minister Narendra Modi. The transhipment terminal will provide high notch services to the stakeholders within the maritime commerce sector,” Sarbananda Sonowal. Minister for Ports, Transport and Waterways informed ET in New Delhi.

“The estimated value for Part 1 of the proposed transhipment port is round Rs 18,000 crore which incorporates the development of breakwaters, dredging, reclamation, berths, storage areas, constructing and utilities, procurement and set up of kit and improvement of port colony with core infrastructure goes to be developed with the federal government assist,” the assertion stated.

Additionally it is deliberate that Public Personal Partnership (PPP) might be inspired for this challenge through Landlord mode. The PPP Concessionaire shall have the flexibleness to develop storage space, container dealing with tools and different infrastructure based mostly on concessionaire’s personal market and enterprise evaluation topic to the Minimal Assured Visitors.

The Concessionaire can be awarded a long-term PPP concession of 30 to 50 years (based mostly on requirement), shall be liable for the supply(s) of port companies and shall have the rights to levy, accumulate and retain costs from port customers.

In one other improvement, Sonowal inaugurated the Nationwide Logistics Portal-Marine, a Single Window Logistics Portal to scale back the logistics value for exporters. Addressing the gathering, he stated that NLP (marine) is an open platform that permits the coexistence of a number of service suppliers to supply EXIM-related companies independently or by combining completely different connectivity choices.