Government gives a nod to Rs 622 crore project at Kandla Port

NEW DELHI: The government on Thursday approved a Rs 622 crore project for import of crude oil at Kandla port that will enhance its capacity by 12 million tonnes per annum (MTPA) to 104 MTPA.

"The Cabinet Committee on Infrastructure (CCI) on Thursday approved the project for development of Single Point Mooring (SPM) and allied facilities for the import of crude oil off Veera in Gulf of Kutch at Kandla Port," an official statement said.

The project will be built on a build, operate and transfer basis (BOT) with a concession period of 30 years at an estimated cost of 621.53 crore, it said.

Kandla port is strategically placed to function as a gateway to Western and Northern India, particularly for import of crude oil. There are several refineries in the North-Western India that require support facilities like SPM, the government said.