The Gangavaram port expansion project, which will boost its capacity from the current 15 million tonnes (mt) to 45 mt, through the addition of three multipurpose berths and a coal handling terminal, is finally set to take off with the port operator completing the award of major contracts and achieving financial closure for the project, according to Exim News Service.
"We expect to wrap up the expansion project by 2013, or the first quarter of 2014," Mr Pranav Choudhary, Chief Financial Officer of Gangavaram Port Ltd (GPL), said.
Spanish major Duro Felguera bagged the contract worth 62 million euros for supply of key equipment for the new coal berth. The company will provide two new grab ship unloaders of 62 tonnes each, install a 11-km conveyor belt system and also set up a new coal yard.
The contract for design and construction of the four new berths has been bagged by ITD Cementation India, part of the Italian Thai Development Public Co. Ltd (ITD), Thailand.
While the three multi-purpose berths have each been planned for 275 metres in length, the coal berth will be capable of handling ships up to 2,00,000 DWT.
The dredging contract, which involves the removal of about four million cubic metres of silt, rocks and sand, was bagged by the state-owned Dredging Corporation of India (DCI) and Chennai-based Sical Logistics.
These projects account for a major portion of the Rs 1,200 crore expansion.
After the expansion, the port will aim at handling more non-coal cargoes such as fertilisers, bauxite and foodgrains. At present, coal constitutes 70 per cent of its total traffic (about 14 mt).