Shipping Minister approves project worth Rs 123 crore
Union Ports, Shipping and Waterways Minister Sarbananda Sonowal has given approval to the project for the development of an oil jetty (number 9) at the Deendayal Port, Kandla.
The proposed project will be on a build-operate-transfer basis under PPP mode, at an estimated cost of over Rs 123 crore. The construction period is estimated to be of 24 months, the concession period will be for 30 years. The project will follow a revenue-sharing model of royalty per ton.