Posco likely to use Paradip port

Paradip: Korean steel major Posco has assured the Chairman of the Paradip Port that Posco-India would seriously consider the proposal to handle cargo of the proposed mega-project through the existing court rather than constructing its own captive port. The Chairman of Paradip Port had held discussions in this regard with the Chief Managing Director Posco-India recently.

The Union Ministry of Environment and Forests(MoEF) has already given its conditional go-ahead to the proposed captive port to be set up about ten kilometre from Paradip near the Jatadhari mouth. However, the Paradip Port Trust(PPT) authorities meanwhile have approached the Posco-India and requested it to use the existing facilities for handling of cargo. PPT chairman D Jagannath Rao recently held discussions with Posco-India CMD in this regard who has reportedly assured  to consider the proposal.

Questions were raised about the necessity of setting up another port only ten kilometre away from the existing port at Paradip. The Meena Gupta committe appointed by the MoEF too had raised serious questions about its impact on environment and ecology.

However, the MOU with Posco-India has not been renewed even 20 months after its expiry. The Industry Minister on May 31,2011 assured that the MOU would be renewed very soon but no one knows when it would take place. The MOU for the Rs 52,000 crore mega-steel project was inked on June 22, 2005.