+
Odisha To Get Rs 215 Billion Bahuda Port Project
PORTS & SHIPPING

Odisha To Get Rs 215 Billion Bahuda Port Project

On the eve of the Samudra Se Samriddhi—Transforming India’s Maritime Sector event, several key agreements were signed for port development and capacity augmentation in India.
A landmark MoU was concluded between Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Limited, and the Government of Odisha for developing a new port at Bahuda. Planned with a capacity of 150 million tonnes per annum, the project will be built on over 6,700 acres of designated coastal salt land. It is expected to attract investment of nearly Rs 215 billion.
The Bahuda Port will serve as an anchor for port-led industrialisation, logistics parks, and manufacturing clusters across Odisha and northern Andhra Pradesh. The project is projected to generate direct and indirect employment for around 25,000 people while catalysing industrial and infrastructure growth in eastern India.
In a parallel development, the Inland Waterways Authority of India signed an MoU with the Government of Bihar for a Water Metro project in Patna, valued at about Rs 9.1 billion. The project will introduce energy-efficient electric ferries, modern terminals, and multimodal transport integration. Ten terminal points along four routes in Patna will reshape urban river transport and serve as a pilot model for other cities. 

On the eve of the Samudra Se Samriddhi—Transforming India’s Maritime Sector event, several key agreements were signed for port development and capacity augmentation in India.A landmark MoU was concluded between Paradip Port Authority, Visakhapatnam Port Authority, Sagarmala Finance Corporation Limited, and the Government of Odisha for developing a new port at Bahuda. Planned with a capacity of 150 million tonnes per annum, the project will be built on over 6,700 acres of designated coastal salt land. It is expected to attract investment of nearly Rs 215 billion.The Bahuda Port will serve as an anchor for port-led industrialisation, logistics parks, and manufacturing clusters across Odisha and northern Andhra Pradesh. The project is projected to generate direct and indirect employment for around 25,000 people while catalysing industrial and infrastructure growth in eastern India.In a parallel development, the Inland Waterways Authority of India signed an MoU with the Government of Bihar for a Water Metro project in Patna, valued at about Rs 9.1 billion. The project will introduce energy-efficient electric ferries, modern terminals, and multimodal transport integration. Ten terminal points along four routes in Patna will reshape urban river transport and serve as a pilot model for other cities. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Insurance is not a cost; it is protection for the balance sheet

As infrastructure projects grow larger and more complex, their risk profiles are evolving beyond physical damage. Underinsurance, business interruption, supply-chain disruptions, climate volatility, surety and transactional exposures can all have significant financial consequences. Mohan Agrawal, Director and Business Lead - Construction, Infra & Warehousing, EDME Insurance Brokers, discusses these emerging risks and the gaps in conventional insurance practices in a conversation with KAVITA PARAB, CW. He explains why infrastructure players need to view insurance not merely as a cost, but a..

Next Story
Equipment

Optimising Earthmoving

Constituting India’s biggest fleet of construction equipment by type, earthmovers positively impact project outcomes and company bottomlines if best practices are adopted. Here’s a guide from CW.Select the right machineOne of the biggest challenges in using earthmovers isn’t machine failure but using the wrong machine configuration for the application, according to Chaitanya Bhagde, P&M Head, SHC Projects. “Unless equipment is deployed after considering the soil type, excavation depth, haul distance and production target, the application will face low productivity, longer time depl..

Next Story
Real Estate

We engineer the way architecture gets built

DALBIR SINGH, Founder, HAACE, on the company’s bespoke approach to translating ambitious architecture into precisely engineered and executed structures.What does bespoke construction mean to HAACE, and how is it different from conventional contracting?For HAACE, bespoke construction means choosing the construction methodology around the design rather than forcing the design into a standard template. Every project is studied around its architectural intent, structural requirements and execution challenges. We deliberately take on a limited number of projects because this approach demands atte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code