Subarnarekha port con­struc­tion to be­gin soon

Maritime Gateway - - Brief News -

The con­struc­tion of Subarnarekha port in Odisha will be­gin soon as the de­fence min­istry has given its clear­ance for the project. Cre­ative Port Pri­vate Ltd has pro­posed con­struc­tion of an all-weather deep-draft com­mer­cial port at Subarnarekha River. Tata Steel has signed an agree­ment with the Chen­nai firm to pick up 51 per cent eq­uity in the port project. The land ac­qui­si­tion for the project is al­ready over as the state gov­ern­ment had handed over 692.68 acre to the port de­vel­op­ers. The port would have an ini­tial ca­pac­ity of 10 MTPA.

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