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JSW port project hangs on site feasibility study
July 27, 2010: The Orissa government will take a final call on the proposal of JSW Infrastructure Ltd to set up a Rs 2238 crore captive port at Bichitrapur in Balasore district after a technical feasibility study of the project location by an independent agency. The study is likely to be done either by Pune based Central Water and Power Research Station (CWPRS) or National Institute of Oceanography of Goa.
After receiving the preliminary report of the study, the state government will take a decision on allowing JSW Infrastructure to build the port at the identified location, said state transport and commerce minister, Sanjiv Kumar Sahu.
The need for such a study arose as the site is in close proximity to another port project at Kirtania for which the state government has singed MoU with the Chennai based Creative Port Development Pvt Ltd (CPDPL).
The port will handle cargo like coking coal, thermal coal, met coke, dolomite limestone, iron ore, finished steel products, bauxite, gypsum and clinker.
Out of the total investment of Rs 2238 crore, JSW will invest Rs 230 crore on land development, Rs 243 crore on berths, Rs 120 crore on breakwaters and embankments, Rs 900 crore on dredging and Rs 366 crore on handling equipment.
Source: Business Standard
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