Gandhinagar: The Government of Gujarat today said in a release that the Chief Minister has given in principle approval for greenfield development of Nargol port in Valsad district of South Gujarat through Public Private Partnership (PPP) model in BOOT (Build, Own, Operate, Transfer) mode, for which global bidding process will be done in order to select the port developer.

Considering the fact that such big project takes longer time to get functional, the government has decided to make provision of 50 years BOOT period instead of 30 years.

The government has estimated Rs. 3800 crore investment in the first phase for 40 million tons cargo handling capacity. The port will be able to handle solid, liquid and container cargo.

Nargol port is a strategic port on Dedicated Freight Corridor (DFIC) and Delhi – Mumbai Industrial Corridor (DMIC). Proposed port can serve chemicals, textiles, paper mills, sugar mills etc in Southern Gujarat area. Mumbai based JNPT may utilize its full capacity by year 2025. In such case, Nargol greenfield port can emerge as an option. DeshGujarat