Paradip:4/8/17: In an attempt to enhance its coal berthing infrastructure, Paradip Port Trust (PPT) today inked a concession agreement with Kalinga International Coal Terminal Paradip Private Limited (KICTPPL),
KICTPPL is a Special Purpose Vehicle (SPV) set up by Kakinada Seaports Ltd, Bothra Group, Visakhapatnam and Ripley Group, Kolkata for development of New Coal Berth for Handling Coal Imports in PPP Mode on Build, Operate and Transfer (BOT) basis
The new coal berth will to cater to the needs of import coal by the Steel Plant and Thermal Power Plants in the PPT hinterland.
The Concession Agreement was signed by Rinkesh Roy, Chairman, Paradip Port Trust on behalf of Paradip Port and Ajit Bothra, Director, KICTPPL in the presence of the senior officers of from both KICTPPL and Paradip Port Trust. PPT will provide supporting facilities like Capital & Maintenance dredging and Rail Connectivity to the Terminal. This Project will be developed on the northern side of the dock and is scheduled to be commissioned within 3 years.