Paradip Port Trust to invite investors for six captive berths.

Paradip Port Trust (PPT) is kickstarting recently a roadshow inviting investors for six new captive berths of more than 10 mtpa capacity each. The port's proposed expansion plan will increase the eastern port's existing capacity from 108.50 million tonne per annum (mtpa) to 270.50 mtpa by 2023.

PPT plans to give out these berths under the port's 'Western dock system' to be built at an estimated total cost of Rs. 2,822 crore as a captive port. The port will also consider public private partnership models, a senior official said.

ET