The State Commerce & Transport Department has decided to undertake development of a port on River Mahanadi through public-private partnership near Paradip. The Planning Commission is associated in implementing the project.
The cost of the project is estimated at `500 crore. In order to invite bids for the project, it has been decided to conduct a study to determine the technical feasibility and financial viability of the project. If found viable, the project’s implementation would be awarded to the bidder selected through a competitive bidding process, said official sources.
The feasibility study would be completed and report submitted within 14 weeks, by March 12, 2014. The total cost of undertaking the study is `l.,40 crore.