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SMP Kolkata plans to invest Rs 4,000 cr by 2030 to expand capacity : Chairman
KOLKATA: The Kolkata Port, now known as Syama Prasad Mookerjee Port, is planning to invest Rs 4,000 crore by 2030 to expand cargo handlingcapacityto130milliontonne, its Chairman Rathendra Raman said recently The port can now handle 87 million tonne of cargo and hadpreviouslysetatargettorampup the capacity to 110 million tonne by 2030.
“One of my key priorities is to maintain double-digit growth, profitability and transforming the port into a green one To ensure sustainedgrowth,wewillincreasethe total cargo handling capacity to 130 million tonne and will invest Rs4,000crore,”Ramantoldreporters here.
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He outlined 11 upcoming projects aimed at modernising and enhancing the infrastructure in phases to achievethegoal.
During the 2022-23 fiscal, the port handled 65.66 million tonne of cargo and anticipated a 13 per cent growth inthecurrentfinancialyear
Notably,theportachievedarecord net surplus (profit) of Rs 304 crore in FY’23.
In a bid to reduce congestion and pollution in the city, the port has acquired a Rs 450-crore outgate dock facility spread across 300 acre of land in Hooghly district’s Balagarh, situated 85 km upstream on the HooghlyRiver
He said that Rs 98 crore has already been allocated for basic infrastructure development, and the port plans to pursue a public-private partnership (PPP) project with an investortomanageportactivities.
The Balagarh facility is expected to be a mixed-use port, capable of handling 1.6 million tonne of coal and 85,000containers.
With the successful trial run of a cement cargo to the north-east through Myanmar’s Sittwe Port, Kolkata Port authorities are expecting “better cargo handling” for theNEregiontoNorthEastinfuture.
The cargo was flagged off from Kolkata in May 4 and received at the Sittwe Port on May 9 by Union Shipping Minister Shri Sarbananda SonowalandDeputyPrimeMinister and Union Minister for Transport & Communications of Myanmar, AdmiralTinAungSan.
Theportauthoritieshaveengaged a consultant to conduct a feasibility study for a new tunnel under the Hooghly River for the transportation of vehicles, he said, adding that the under-river tunnel project is still in thenascentstage.
