The project cost first stood at INR5 billion (US$117.2 million dollars) rose to INR11.7 billion with revision by the committee under chairman PVK Mohan to run in one single phase rather than in two phases.
Committee recommendation to KoPT for a terminal to handle container and dry bulk cargo is in direct response to massive containerisation of cargo, and an increase of 50 per cent of all cargo containerised globally.
KoPT's chairman, Mr Anup Chanda said the container terminal will be built by private-public partnership on a build-operate-transfer (BOT) basis.
Capacity handling will be up to 1.6 million TEU but is anticipated to hit 1.1 million TEU in its first year running.