Kolkata, Jul 16 (PTI) A consortium of Kolkata-based Ripley & Co and Bothra Shipping Services of Andhra Pradesh announced it will invest Rs 600 crore in the automation and modernization of a port berth at Haldia in West Bengal.

The stevedoring and handling company said it quoted the highest revenue share for the mechanisation of Berth No. 5 of Haldia Dock Complex, Syamaprasad Mookerjee Port, Kolkata, on a PPP basis.

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"It is a 50:50 consortium and will invest Rs 600 crore for the modernisation of the berth. We already operate two more berths at Haldia," Ripley & Co Director Shoumik Bose told PTI.

He said the letter of award is expected this month.

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The project will be executed on a DBFOT (design, build, finance, operate, and transfer) model with a concession period of 15 years.

"Berth No. 5, upon mechanisation, will provide state-of-the-art mechanised facilities for handling dry bulk cargo comprising coal, limestone, and manganese ore," Ripley & Co Director Prabal Mukherjee said.

The berth will have an annual cargo handling capacity of 5 million tonnes.

The project is likely to be completed by the end of 2026, the official said.

Ripley & Co already operates berth no 2 and 8 at Haldia.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)