MoU signed for Green Field Satellite Port at Bahuda Muhana with cargo handling capacity of 150 million metric tons
A memorandum of understanding (MoU) was signed for construction of a Green Field Satellite Port at Bahuda Muhan in Ganjam district of Odisha at a cost of about Rs 21500 crores.
Gujarat: A memorandum of understanding (MoU) was signed for construction of a Green Field Satellite Port at Bahuda Muhan in Ganjam district of Odisha at a cost of about Rs 21500 crores.
The agreement for the proposed Green Field Satellite Port with a cargo handling capacity of 150 million metric tons was signed between the Paradip Port Authority (PPA), Odisha Maritime Board (OMB), and Sagarmala Finance Corporation Ltd. (SFCL) during the Transforming Maritime Sector Conclave held in Bhavnagar of Gujarat.
Similarly, a bilateral agreement has been signed between the Paradip Port and Odisha Maritime Board to develop a National Shipbuilding Cluster on the northern bank of the Mahanadi River in Kendrapara district to make Odisha a global hub for shipbuilding and to position India among the top 5 shipbuilding nations of the world by 2047, generate massive employment, attract international investors and promote green and sustainable shipbuilding.
This Shipbuilding Cluster will build big ships with a capacity of 1.0 to 1.2 million tonnes per annum, research and development centre, support industries and training facilities as well as social development.
It is worth mentioning here that for the development of port industry and smooth waterway transport in Odisha, a major port at Paradeep, 2 minor ports at Dhamara and Gopalpur are operational, while the construction of two minor ports at Subarnarekha mouth and Astaranga is in progress.
Apart from this, a memorandum of understanding has been signed for the establishment of a jetty by JSW Utkal Steel Limited at Jatadhar Muhan in Jagatsinghpur district.
Meanwhile, it is said that the recently signed MoU for the establishment of Green Field Satellite Port at Bahuda Muhana and a shipbuilding cluster on the northern bank of the Mahanadi river at the Transforming Maritime Conclave will help Odisha in developing its maritime infrastructure and bringing 33% of the country’s cargo transport capacity to the state in the coming years, as well as becoming a world-class shipbuilding hub.
This apart, the deep-sea facility will decongest existing ports, reduce logistics costs, and unlock new trade opportunities for mineral-rich hinterlands in Odisha and neighboring states.
