Kolkata Port, Hooghly Oil & Gas tie up for liquid cargo terminal at Haldia

Posted by Daily Shipping Times on 22-02-2018        Tweet

KOLKATA: The Kolkata Port Trust (KoPT) recently signed a concession agreement with Hooghly Oil & Gas Terminal Pvt Ltd, a wholly owned subsidiary of IMC Ltd for setting up a liquid cargo handling terminal at Shalukkhali in Haldia. The jetty will be set up on a public private partnership (PPP) mode at an investment of Rs 172.51 crore for handling LPG, LNG, POL products, edible oil and chemicals. The project will be completed within 36 months.

G Senthilvel, Deputy Chairman (Haldia), KoPT and Vimal Chopra, Senior Vice President (Business Development), IMC Ltd, signed the MoU in the presence of Port Chairman Vinit Kumar. As per the master plan of KoPT prepared by  AECOM India Pvt Ltd, the liquid cargo handling capacity of the port has been projected as 16.4 million tonnes by 2020 and 20 million tonnes by 2025. The proposed terminal will augment the liquid cargo handling capacity by at least 2.5 million tonnes per annum. The project will also help in reducing pre-berthing detention and turn round time of tankers, thereby reducing overall logistics cost to the trade.

“It is also expected that the project will encourage investment towards development of storage and distribution facilities of LPG and LNG in particular on KoPT land available at Shalukkhali and other locations of Haldia Dock Complex as well as state government land in the vicinity. It may also encourage investment in development of edible oil refineries. Existing industries like MCPI, HPL will also be benefited in sourcing their raw materials,” a senior KoPT official said.