The centre has notified that the international transshipment hub at Galathea Bay in the Great Nicobar Island is to be developed as a major port.
The project involves development of the international transshipment hub at Galathea Bay on a public-private partnership mode on a design, build, finance, operate and transfer basis including operation and maintenance in Andaman and Nicobar Island. The estimated cost and capacity of the entire project are Rs 440 billion and 16 million twenty-foot equivalent units (TEUs).
The project will be developed in four phases. Phase I of the project involves construction of breakwaters, dredging, reclamation, berths, storage areas, building and utilities, procurement and installation of equipment, and development of a port colony with core infrastructure. The estimated cost and capacity are Rs 180 billion and 4 million TEUs. It is expected to be completed by 2028.