Haldia Port: Rs 600 crore worth modernization planned by Ripley & Co and Bothra
Shipping Services firm Ripley & Co and Bothra have announced plans to invest Rs 600 crore in the automation and modernization of a port berth at Haldia in West Bengal. The firm said it quoted the highest revenue share for the mechanization of Berth No. 5 of Haldia Dock Complex, Syamaprasad Mookerjee Port, Kolkata, on a PPP (Public-private partnership) basis.
Post modernization the berth will have an annual cargo handling capacity of 5 million tonnes. The work is to be executed on a DBFOT (design, build, finance, operate, and transfer) model with a concession period of 15 years. It is slated for completion by the end of 2026.
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