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APSEZ turns highest bidder for ₹7,000cr port project

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Adani Group’s Adani Ports and SEZ has won the bidding for a multi-billion dollar deep-sea port project in West Bengal.

It will share a share of 0.25 per cent of gross revenue, which will increase to 4 per cent later in the period of the 99-year concession.

The West Bengal government expects the first phase of the project to be completed in three-four years. Road access to the site is the biggest challenge, while railway connectivity is also crucial. For a 15-16 metre draft, an 18-km channel has to be built into the sea.

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