BHUBANESWAR: Adani Ports and Special Economic Zone (APSEZ) has emerged as the highest bidder for the development and operation of two dry bulk berths at Paradip Port.
The company has received the Letter of Award (LoA) for setting up the CQ-I and CQ-II berths under a 30-year concession through public-private partnership (PPP) route. The project will add 18 million metric tonnes (MMT) of mechanised dry bulk capacity to APSEZ’s portfolio, taking its total capacity to 671 MMT from 653 MMT.
The terminal will boost APSEZ’s capacity to handle rising volumes of coal, limestone and other dry bulk commodities, while expanding its reach across core industrial and manufacturing clusters in eastern and central India, officials said. The project will include mechanised cargo-handling systems, deep-draft berths and large-scale storage facilities.
“With Paradip, APSEZ’s network grows to 16 ports and terminals across India’s 11,000 km coastline, strengthening our ability to deliver integrated port, logistics and marine solutions through the country’s most comprehensive transport infrastructure platform,” said Ashwani Gupta, whole-time director and chief executive officer of APSEZ. The Paradip project is part of APSEZ’s target of handling 1 billion tonne of cargo annually by 2030.