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… The Managing Director of the Construction Major, Navayuga Engineering Company Limited (NECL) after signing the Concession Agreement said that “the dynamics of the areas in the vicinity of 80 Kilometres of Astaranga in Puri will be energized”.

… “A Detailed Project Report (DPR) will be prepared by NECL within a year”, said he.

Mr.Sridhar signed the CA on behalf of NECL with the Government of Odisha to set up a port with a capacity of 25 Million Tonne Per Annum (MTPA) at an investment of Rs 6,500 crore in Puri district.

Gagan Kumar Dhal, Principal Secretary of the Department of commerce & Transport (DOCT) singed CA on behalf of Government of Odisha.

… Mr.Dhal said “All out support will be extended to the promoter of the deep water port being developed with ultimate capacity of 60 MTPA, which will be operational within four years of land acquisition”.

Astaranga Port would be full-fledged all weather multi-user port on BOOST (build, own, operate, share and transfer) basis, Mr.Dhal added.

The port would carter to ultimate vessel size of 1.75 lakh DWT Dead Weight Tonnage (DWT), he said.

The company would share with the State Government its gross income with 5 per cent share in the first five years, 8 per cent in 6th-10th year and 10 per cent in 10th-15th year.

It would share 12 per cent of share from income on 16th year when lease period ended, Dhal said.

Astaranga Port project, which would generate a large number of direct and indirect employment.

As per the stipulated policy of the Government of Odisha,90 per cent of the total requirement of unskilled and semi skilled manpower would come from locals.

The Developer would take 60 per cent of local people in skilled category, said Mr.Dhal

Similarly, a minimum of 30 per cent of supervisory and managerial level would be drawn from locals and it was allowed to hire senior executives from open market, Mr. Dhal added.

The port will have a Service Corridor of 90-km long rail and road connectivity.

While for road connectivity, it will be connected to the nearest National Highway and connectivity for rail will be taking off from Barang Railway Station, revealed P A Venkateswaran, Resident Director NECL.

In order to promote private ports the State Government has already signed Concession Agreements with three other companies to develop port facilities at Gopalpur in Ganjam district, Dhamra in Bhadrakh district and Chaumukh in Balasore district.