Paradip Port Trust

The Central Bureau of Investigation (CBI) has arrested the chief mechanical engineer of Paradip Port Trust in Odisha and three other persons including the middleman in a bribery case.

Paradip Port in Odisha will be developed into a world-class modern port which will have capability to handle capesize vessels at a cost of Rs 3,004.63 crore. The project involves deepening and optimisation of inner harbour facilities including development of western dock on build, operate and transfer (BOT) basis under public-private partnership mode at the port, the Ministry of Ports, Shipping and Waterways said in a statement on Sunday. "One of those visionary initiatives is capital intensive project at Paradip Port which will transform the port into a world-class modern port which will have capability to handle capesize vessels... the estimated cost of the project is Rs 3,004.63 crore," it said. Capesize is the largest class of bulkship that can carry any type of cargo, such as iron ore and coal. Such vessels are called "capesize" as they cannot pass through the Panama Canal and have to go around the Cape of Good Hope to sail between the Pacific and Atlantic oceans. According to

Minister Sarbananda Sonowal on Sunday said that the Paradip Port is in line with Modi's vision of the development of eastern states

The largest of seven proposed PPP projects is at Jawaharlal Nehru Port Trust (JNPT), which plans to privatise its container terminal

NRL has deposited Rs 20 crore with the PPT as initial land deposit

Minister says 50,000 jobs will be created, assures Rs 2.5 trillion will be invested in Odisha by ministries held by him

he airport is proposed to come within the port premises outside of the harbour area

In last fiscal, PPT joined the exclusive club of ports in India- Deendayal Port and Mundra port by handling in excess of 100 million tonnes (mt) of cargo

The project was conceptualized to ship thermal coal primarily to the southern states

Port handled 24.44 million tonnes of cargo in the first quarter

Lines up Rs 20,000 cr investment to boost cargo capacity to 330 million tonne

The outer harbour is part of PPT's grand plan to reach a cargo volume of 325 million tonne by 2025