Home > Kolkata > KoPT expects cabinet nod for Rs 12,000 crore Sagar port

KoPT expects cabinet nod for Rs 12,000 crore Sagar port

 M Post Bureau |  2016-02-04 01:23:08.0  |  Kolkata

The Kolkata Port Trust (KoPT) is hoping for an early approval from Cabinet for the Rs 12,000 crore Sagar deep sea port.

“The project has received feasibility approvals and we are expecting a Cabinet approval soon. Though a date is not finalised, but the foundation stone ceremony could take place in third or fourth week of February,” KoPT deputy chairman (Haldia) Manish Jain said.

Prime Minister Narendra Modi is likely to come for the ceremony along with Chief Minister Mamata Banerjee, officials said.

“The Prime Minister would be coming shortly to lay the foundation stone and work will start by March,” Union Road Transport, Highways and Shipping Minister Nitin Gadkari had said during the Bengal Summit.

He had said that technical and feasibility studies for the Sagar port project are complete and work is likely to start in March.

The Kolkata Port Trust  and West Bengal inked a joint venture agreement to develop the port with 74 per cent and 26 per cent stake, respectively.

The Centre is planning to approach the Japan International Cooperation Agency for a soft loan for the port, dredging and for building a 27 kms long rail-road connectivity, including a bridge over River Muriganga for evacuation of cargo.

The road-cum-rail bridge project would be taken up by the National Highway Authority of India, Jain said.

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