Monetisation Plan: 4 Projects Of Paradip Port In Odisha To Be Tendered Out For Over 4K Crore

Bhubaneswar: The Finance Minister’s four-year monetisation plan includes four projects of Paradip Port in Odisha.

The government is looking to monetise 31 projects in nine major ports, which is expected to bring in an investment of Rs. 12,828 crore.

“The assets considered for monetisation from FY 2022 to 2025 are spread across 9 of the 12 major ports. Towards this, 31 projects have been identified for private sector participation for improved operational efficiency and capacity utilisation of existing port assets,” the National Monetisation Pipeline document said.

Two projects of Paradip Port – deepening and optimisation of inner harbour facilities including development of western dock captive berth (1) to handle cape size vessel – will be tendered out in 2022 with an expected capex of Rs 3000 crore as approved by the Cabinet Committee of Economic Affairs in 2020.

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The mechanisation of two berths (CQ1 & CQ2) is likely to be tendered for Rs 1103 crore in 2024 and another for Rs 75 crore in 2025.

“Of 31 projects, 13 projects with expected capex of Rs. 6,924 crore are envisaged to be tendered out in FY 2022. A total of 18 projects adding up to Rs 7,168 crore are expected to be awarded between 2023 and 2025,” it added.

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