Independent journal on economy and transport policy
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Tata Steel invests in the realization of the new Indian port of Subarnarekha
the iron and steel group will acquire the majority of the Creatives Port Development
January 27, 2017
The iron and steel group Indian Tata Steel will acquire the majority of the capital of the Creatives Port Development Pvt. Ltd. (CPDPL), society that takes care of the realization of the new port of Subarnarekha Mouth (Kirtania) near Balasore, in the Indian district of Odisha. The acquisizioine will be carried out by Tata Steel through Private the society integrally controlled Subarnarekha Port Limited (SPPL).
11 January 2008 CPDPL, society for the Indian harbour development that is constituted by the Indian entrepreneurs Ramani Ramaswamy and R.Rangarajan, have undersigned with the government of Odisha a concession contract in order to realize the harbour port of call of Subarnarekha. Tata Steel has announced that the planning activities will be under way shortly. The port will be equipped of 12 docks and will be realized in three phases, with before it guarantees an ability to annual traffic pairs to 25 million tons, ability that with the second phase will go up to 35 million tons and with third to the 55 million one tons. According to the forecasts, the realization first phase of the project will involve an investment of beyond 23 billion rupees (345 million dollars).
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