AHMEDABAD: The Adani Group is inching closer towards establishing its presence in the Port sector in Andhra Pradesh by being the lone company to submit financial bids for developing the Minor Bhavanapadu Port in Srikakulam district.
The official said the decision would be taken based on the revenue share that has been offered to the State Government in the proposal.
According to documents submitted by the State Government to the Ministry of Environment and Forests for obtaining environment clearance, the proposed Bhavanapadu Port is expected to have a total capacity of 30.57 million tonnes. The total berths proposed is 14 with five berths in the first phase and the remaining nine berths in the second phase.
The State Government intends to develop Bhavanapadu Port with the supPort of a private developer to handle all types of cargo such as bulk, break bulk, container and liquid materials. The Bhavanapadu Port site was selected also due to its proximity to mineral rich States of Chhattisgarh, Jharkhand, Madhya Pradesh and Southern Odisha. The estimated cost of the project is Rs 3,725 crore apart from Rs 650 crore estimated for land acquisition.
According to the pre-feasibility study by Incap (Infrastructure Corporation of AP), the project of developing a modern Port near Bhavanapdu is technically and economically viable even under the worst cases of risk analysis.