The Hindu Business Line : SKIL investing Rs 1,200 cr in Positra port

SKIL Infrastructure Ltd, the Mumbai-based infrastructure company, would be investing around Rs 1,200 crore in setting up a port at Positra in Gujarat. With a draught of 16 metres and a shore area of 4,000 acres, the port will be able to handle ships of 8,000-10,000 TEUs.

Ernst and Young has been signed to assist SKIL in the fund raising for the project. “According to SKIL, the port will initially have one terminal with a capacity to handle 1.5 million TEUs which will come up by financial year 2011. They plan to scale up to eight terminals of 1.5-million-TEU capacity each by 2018,” Mr Rajesh Samson, Associate Director, Ernst and Young, told Business Line on the sidelines of the FICCI’s ‘National conference on development of ports and shipping’. The Chambers also released a report- ‘Transforming Indian ports into world class facilities’ prepared by Ernst & Young at the conference. SKIL Infrastructure Ltd or formerly known as Sea King Infrastructure Ltd develops projects related to port, shipyard, railway lines, expressway, urban infrastructure etc.

Talks for tie-ups

Mr Samson said that the infrastructure company is already in talks for tying up with strategic partners for the project, however, declined to divulge any details on the same. The company is also understood to be negotiating with the State Government for concession agreement and expects to get necessary clearances shortly.

The proposed Positra port is a part of the company’s plan to have a shipyard along with other related facilities with an estimated cost of Rs 6,000 crore, said Mr Samson. “This green field project with deep-water location would be important in terms of capacity and linkage creation,” he added.

More Stories on : New Projects | Shipping | Gujarat

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page