"But before that we need to check return from the investment too," he said. Shipping Secretary Abdus Samad told the FE last week that building a deep-sea port requires a large investment. While negotiating the dredging plan and cost with Jan De Nul, the committee discussed that if the rate of siltation is found to be high, the channel will need a large maintenance dredging every year.Īs a result, earnings from the port would not be rational against investment, they also opined.ĭuring the one-year period, sources said, Jan De Nul will dredge the port's 22-kilometre main channel 10-metre deep from existing four to five metre depth.ĭuring the period, the rate of siltation will be observed to take decision about building of a deep-sea port or a normal range seaport, they said. Sources said a negotiation committee, headed by an additional secretary of the Ministry of Shipping (MoS), had taken the decision on dredging of the channel on a test basis to find out whether a large investment at that point would be sustainable. Jan De Nul (JDN), a Belgium-based company, will dredge the channel for one year before deciding the fate of the port, the officials said.Īfter getting approval for the proposal from the Ministry of Law, a file in this regard is now awaiting the prime minister's nod. It will carry out dredging to check the siltation rate and decide as to whether it will build a deep-sea port or a normal seaport, they added. The government has now taken a move to dredge the main channel of Payra port on a test basis, officials said. For all latest news, follow The Financial Express Google News channel.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |