English Release 25-November 2014
Cabinet Committee on Infrastructure22-November, 2012 20:19 IST
|Development of Single Point Mooring and allied facilities off Veera (outside Kandla creek) in Gulf of Kutch at Kandla Port |
|The Cabinet Committee on Infrastructure today approved the Project for Development of Single Point Mooring (SPM) and allied facilities for the import of crude oil off Veera (outside Kandla creek) in Gulf of Kutch at Kandla Port on Build, Operate and Transfer (BOT) basis for a period of 30 years at an estimated cost of Rs. 621.53 crore. |
Kandla Port is strategically placed to function as the gateway to Western and Northern India particularly for import of crude oil. There are several refineries in the North-Western India that require support facilities like SPMs. The expansion of existing refineries in the Northern and Western Regions are expected to create additional demand for SPM facilities for ports on the West Coast. Kandla Port proposes to capture this incremental demand, and this project has been conceived accordingly.
The SPM project will enable the Kandla Port Trust to enhance its capacity by 12 MTPA taking the total cargo handling capacity of the Port to 104 MTPA and this will also augment the energy security of the country.
(Release ID :89261)