Coal news and updates

Kolkata Port signs Rs 343 cr PPP contract to boast cargo capacity

The Syama Prasad Mookerjee Port, Kolkata (SMPK) has awarded a Rs 343.58 crore public-private partnership (PPP) project to Ganges Bulk Terminal for the mechanisation of berth No. 5 at Haldia Dock Complex, aiming to improve cargo handling efficiency.

The project, to be implemented on a design, build, finance, operate and transfer (DBFOT) basis, will equip the berth to handle 5 million tons of dry bulk cargo annually, they added.

It is targeted for completion by December 2027. The mechanisation will reduce vessel turnaround time, increase throughput, and deliver long-term economic benefits for the region's port sector.

GBTPL will invest Rs 343.58 crore, while the government will provide Rs 22.30 crore through internal and extra budgetary resources.