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Adani bags Rs 25,000 crore Tajpur Port development project in WB

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KOLKATA: The West Bengal Cabinet approved a proposal by Adani Ports to set up a deep sea port at Tajpur. The Rs 25,000 crore project will open up direct employment opportunities for 25,000 people, Urban Development Minister Firhad Hakim said.

“Of the two companies that participated in the detailed project report, Adani Port was the highest bidder,” Hakim said, adding that the Cabinet has decided to issue a letter of intent soon. The final day for bidding was March 14. Apart from Adani Ports, JSW Infrastructure had also put forward its bid. After the financial bid was opened on March 23, there was speculation of Adani winning.

Gautam Adani-led Adani Ports & Special Economic Zone Ltd., was selected to develop the Tajpur deep sea port, the greenfield project will entail a total investment of Rs 25,000 crore ($3.1 billion), there would be an investment of Rs 15,000 crore for the port, Hakim said, and Rs 10,000 crore for infrastructure development. The state, he said, would play the role of facilitator. Apart from direct employment for 25,000 people, the greenfield port would create indirect opportunities for many more people, he added.

The latest win adds more muscle to India’s largest private sector port operator, which already has a 30% domestic market share and has been securing global contracts, including the Haifa port project in Israel and a port terminal in Sri Lanka. The local government, according to the statement, expects to create 25,000 direct jobs and over 100,000 indirect jobs through this port which is about 105 miles from the state capital of Kolkata.

A wholly-owned subsidiary of Adani Ports signed a pact last week for the modernization of a berth at the Haldia port in West Bengal.

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