Guj govt gives nod for CNG port terminal at Bhavnagar Ahmedabad, Nov 10 (PTI) The Gujarat government onSunday gave its approval for a Compressed Natural Gas (CNG)terminal in Bhavnagar with a proposed investment of Rs 1,900crore, an official said.
A state government release said the facility, approvalfor which was given by the Gujarat Infrastructure DevelopmentBoard headed by chief minister Vijay Rupani, would be theworld's first CNG port terminal.
It will be developed jointly by UK-headquarteredForesight Group and Mumbai-based Padmanabh Mafatlal Group, therelease added.
The Gujarat Maritime Board (GMB) had signed an MoUwith Foresight Group to set up this port terminal at Bhavnagarin the Vibrant Gujarat Summit held in January this year, saidthe release.
Apart from the CNG terminal, the investors would alsodevelop a Ro-Ro terminal, liquid cargo terminal and containerterminal at Bhavnagar port with a cumulative investment of Rs1,900 crore, said the release.
The proposed CNG port terminal will have a capacity tohandle 1.5 million metric tonne per annum (MMTPA).
The GMB manages the existing port at Bhavnagar, havinga capacity to handle three MMTPA cargo, and the new terminalswould take the overall capacity to nine MMTPA, the releasesaid.
While the consortium would invest Rs 1,300 crore inthe first phase, Rs 600 crore will be invested in the secondphase.
To develop CNG and other terminals on the north sideof the existing port would require major modifications in theexisting infrastructure, including dredging in water channelof port basin, construction of two lock gates and off-shoreinfrastructure for CNG transportation, the release said. PTIPJTBNM BNM