Indian New Mangalore Port Trust (NMPT) is embarking on a massive expansion of infrastructure involving an investment of Rs 71 million in two phases over the next seven years, reports Business Standard.
According to the National Maritime Development Programme (NMDP), NMPT, the seventh largest major port in the country, aims to undertake new infrastructure projects jointly with private participation and the port users. The port, located at Panambur near Mangalore on the west coast, aims to build four new berths, an LNG terminal, container terminal and automation of an existing multi-purpose berth, said P Tamilvanan, chairman, NMPT.The new LNG terminal is being built by Mangalore Refinery and Petrochemicals (MRPL) at an investment of Rs 26 billion, while the new container terminal will be built by NMPT at an estimated cost of Rs 7 billion. The firm plans to build a captive jetty to import coal at an investment of Rs 1.8 billion.
Apart from these, the NMPT proposes to build four new berths at a combined investment of Rs 2 billion.The expansion of the port would increase the cargo handling capacity of the port from the existing 38 million tonne per annum to 52 million tonnes per annum. Last financial year, NMPT handled 34.5 million tonne of cargo.
The port at present has 14 berths. It recently floated tender for setting up a mechanised iron ore handling facility on a build-own-transfer basis at berth No. 14. NMPT is also developing a modern cruise lounge to attract cruise vessels, bunkering facility, dry dock to repair ocean going vessels.
The port, which is expected to handle 15,000 containers (TEUs) during the current fiscal, plans to increase the capacity to 20,000 containers next year. New Mangalore port is well connected with three national highways - NH13, 17 and 48, Konkan railway, southern railway and an airport. NMPT is also participating in the development of port-based special economic zone (SEZ) to attract cargo in coordination with Infrastructure Leasing and Financial Service Ltd (IL&FS), Oil and Natural Gas Commission and Kanara Chamber of Commerce.
According to the National Maritime Development Programme (NMDP), NMPT, the seventh largest major port in the country, aims to undertake new infrastructure projects jointly with private participation and the port users. The port, located at Panambur near Mangalore on the west coast, aims to build four new berths, an LNG terminal, container terminal and automation of an existing multi-purpose berth, said P Tamilvanan, chairman, NMPT.The new LNG terminal is being built by Mangalore Refinery and Petrochemicals (MRPL) at an investment of Rs 26 billion, while the new container terminal will be built by NMPT at an estimated cost of Rs 7 billion. The firm plans to build a captive jetty to import coal at an investment of Rs 1.8 billion.
Apart from these, the NMPT proposes to build four new berths at a combined investment of Rs 2 billion.The expansion of the port would increase the cargo handling capacity of the port from the existing 38 million tonne per annum to 52 million tonnes per annum. Last financial year, NMPT handled 34.5 million tonne of cargo.
The port at present has 14 berths. It recently floated tender for setting up a mechanised iron ore handling facility on a build-own-transfer basis at berth No. 14. NMPT is also developing a modern cruise lounge to attract cruise vessels, bunkering facility, dry dock to repair ocean going vessels.
The port, which is expected to handle 15,000 containers (TEUs) during the current fiscal, plans to increase the capacity to 20,000 containers next year. New Mangalore port is well connected with three national highways - NH13, 17 and 48, Konkan railway, southern railway and an airport. NMPT is also participating in the development of port-based special economic zone (SEZ) to attract cargo in coordination with Infrastructure Leasing and Financial Service Ltd (IL&FS), Oil and Natural Gas Commission and Kanara Chamber of Commerce.