April 17, 2023 8:15 PM

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Gujarat: Centre approves over Rs 123 crore Oil Jetty development project at Deendayal Port

<span style="color: #222222;">The Centre has approved the project of development of an Oil Jetty at Deendayal Port, Kandla in Gujarat for over 123 crore rupees. Ports, Shipping and Waterways Minister Sarbananda Sonowal today approved the development of an Oil Jetty at Deendayal Port to handle all types of liquid cargo at Kandla under a public-private partnership model. Mr Sonowal said, Prime Minister Narendra Modi had once said that Kandla Port has the potential to give a new direction to the nation's economy. He said, this project will be another milestone in this journey as this Jetty will further enhance the Port Capacity along with boosting the overall Economic Growth for its entire hinterland.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">Ports play an important role in promoting trade and economic growth in the country. The proposed project is designed to increase the cargo handling capacity of the port, which will attribute to a reduction in the turn-around time of liquid vessels. This project will increase Deendayal Port's income through the collection of Royalty from the Concessionaire.</span><br />

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