Liquid cargo terminal in Haldia
The Calcutta Port Trust has signed a concession agreement with a private player to set up a liquid cargo handling terminal at Haldia for Rs 172.5 crore.
- Published 16.02.18
Calcutta: The Calcutta Port Trust has signed a concession agreement with a private player to set up a liquid cargo handling terminal at Haldia for Rs 172.5 crore.
To be developed over the next three years, the terminal will facilitate the movement of petroleum cargo such as LNG, LPG as well as vegetable oil.
The new facility will come up at Shalukhkhali, where a second dock system was being planned at one stage. Hooghly Oil & Gas Terminal Pvt Ltd, a wholly owned subsidiary of IMC Ltd, will set up the jetty on a public-private-partnership basis.
According to a master plan prepared by the port, the liquid cargo handling (POL, vegetable oil and chemicals) has been projected to handle 16.4 million tonnes by 2020 and 20 million tonnes by 2025.
The proposed terminal is expected to augment the liquid cargo handling capacity of Haldia by at least 2.5 million tonnes per year.
It is also expected that the project will encourage investment towards the development of storage and distribution facilities of LPG and LNG in particular on CPT land in Shalukkhali and other locations of Haldia Dock Complex as well as the state government's land in the vicinity.
It may also encourage investment in the development of edible oil refineries. The existing industries such as MCPI and HPL will also benefit in terms of sourcing their raw materials, the CPT said in a statement.