MoPSW approves projects worth Rs 8.09 billion for SMPK

The MoPSW has approved the reconstruction of berth no. 8 and mechanisation of berth nos. 7 and 8 at the Netaji Subhash Dock in the Kolkata Dock System, Syama Prasad Mookerjee Port, Kolkata (SMPK). The project will be executed on a design-build-finance-operate-transfer basis in the public-private partnership (PPP) mode in West Bengal for a concession period of 30 years. The capacity and estimated cost of the project are 448,140 twenty-foot equivalent units (TEUs) per annum and Rs 8.09 billion respectively. Under the Sagarmala Programme, a total of 62 projects valued at Rs 163 billion are being implemented in West Bengal. Of these, 19 projects worth Rs 11 billion have been completed, while 43 projects are at various stages of implementation. Additionally, the MoPSW is partially funding 11 projects valued at Rs 6.5 billion. Of these, six projects worth Rs 4 billion have been completed, while five projects worth Rs 2.5 billion are under development.