Kolkata Port, now known as Syama Prasad Mookerjee Port, plans to invest 4,000 crore rupees by 2030 to expand cargo handling capacity to 130 million tons, its chairman Rathendra Raman said on Wednesday. The port can now handle 87 million tons of cargo and had previously set a target to increase capacity to 110 million tons by 2030.
“One of my main priorities is to maintain double-digit growth and profitability and transform the port into an environmentally friendly port. To ensure sustainable growth, we will increase the total cargo handling capacity to 130 million tons and invest Rs. 4,000 crore,” Raman told reporters here.
He outlined 11 upcoming projects aimed at gradually upgrading and upgrading infrastructure to achieve the goal.
In the 2022-23 financial year, the port handled 65.66 million tons of cargo, and growth of 13 percent is expected for the current financial year.
Notably, the port posted a record net surplus (profit) of Rs.304 crore in FY23.
In order to reduce congestion and pollution in the city, the port has acquired a Rs.450 crore outgate dock development covering 300 acres of land in Balagarh, Hooghly District, 85 km upstream on the Hooghly River.
He said 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 investor to manage the port’s activities.
The Balagarh facility is expected to be a mixed-use port capable of handling 1.6 million tonnes of coal and 85,000 containers.
With the successful trial run of a northeastbound cement cargo through the port of Sittwe in Myanmar, Kolkata port authorities expect “better cargo handling” for the northeastern region to the northeast in the future.
The cargo was flagged off from Kolkata on May 4 and received at Sittwe Port on May 9 by Union Minister for Shipping Sarbananda Sonowal and Myanmar Deputy Prime Minister and Union Minister for Transport and Communications Admiral Tin Aung San.
The port authorities have hired a consultant to conduct a feasibility study for a new tunnel under the Hooghly River to transport vehicles, he said, adding that the underriver tunnel project is still in its early stages.
Kolkata Metro authorities have built a tunnel under the river.
Kolkata Metro Rail Corporation made history on April 12 when its train passed through the tunnel under the Hooghly from Kolkata to Howrah across the river for the first time in the country.