Financial Daily
from THE HINDU group of publications

Wednesday, June 13, 2001



Logistics | Prev

Karwar-NMP venture awaits clearance

Madhumathi D.S.


A PHASE two proposal to develop Karwar port in joint venture with the New Mangalore Port has been pending clearance from the Ministry of Surface Transport.

The Rs 85-crore proposal was conceived over a year ago under the Centre's joint development scheme which involves a major port such as the NMP -- operated by the Centre -- and an intermediate port such as the all-weather Karwar which is within the State jurisdiction.

A Customs port since 1995, Karwar is Karnataka's only key port after NMP. The second phase, on completion, will target cargo such as iron ore from the steel belt of Bellary-Hospet besides five lakh tonnes of general cargo, port authorities said. During 2 000-01, it generated a revenue of Rs 5.3 crore.

Karwar alone is expected to benefit by some 10 million cargo traffic when the nearby Tadri minor port, too, gets developed. Tadri has been offered in principle to a promoter consortium led by South Korea's Hanjin. For Tadri, the full traffic potential ha s been projected at 30 million tonnes.

This, port authorities say, will be possible when the Hubli-Ankola rail link to the steel hinterland and some of the cargo from the Konkan Rail, barely 10 km from Tadri port, materialise. Karwar now has to share bulk of the traffic from the region with p orts at nearby Mormugao or Chennai on the eastern coast.

Facilities planned under the second phase include a 200-metre extension of the existing jetty, a 220-metre for return, a 11-metre deeper channel besides facilities to handle handimax and panamax type vessels.

A boom in construction activities in China, South Korea and Taiwan has pushed up export of granite in large quantities out of Karwar. Last year it shipped out over 1 lakh tonnes of molasses and is about to ship out 9,000 tonnes of sugar.

For the ongoing plans to upgrade the facilities at Karwar, a Rs 3.45-crore outlay has been sanctioned.

Related links:
Karnataka ports: Moored in trouble

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