Six new mega ports have been cleared to be built under the Sagarmala Project. The project is estimated to save up to Rs 40,000 crore per year spent on logistics by key industries. The greenfield ports are likely to come up at Sagar in West Bengal, Paradip Outer Harbour in Odisha, Enayam in Tamil Nadu and Vadhavan in Maharashtra. Detailed masterplans are being developed for all the new major ports.
The new Vadhavan port, estimated to cost around Rs 10,000 crore, will help ease the congestion in the present shipping capacity. Vadhavan currently handles about 40 percent of the total container traffic in India. The new port will be able to handle 40 to 60 million tonne of cargo every year. The Paradip Outer Harbour project, estimated to cost around Rs 8,200 crore, will be developed to facilitate the coastal shipping of thermal coal for power plants in Southern and Western India. The new port will have a capacity of 175.5 million tonne per year.
The Sagar port proposed to handle the overflow of traffic from Kolkata and Haldia facility, has received an initial grant of Rs 515 crores as viability fund from the Centre. A new port, either in Machilipatinam or Vodarevu, in Andhra Pradesh has also been proposed to handle the thermal coal, cement and container cargo in the region. A similar facility, either in Cuddalore or Shikazhi, in Tamil Nadu is also being contemplated to handle the movement of thermal coal.