New Delhi, Oct. 21 -- Deendayal Port Authority (DPA), Kandla, on Wednesday issued a Letter of Award (LoA) to Essar Ports Limited for the development of a multi-purpose cargo terminal at Tuna Tekra, Kandla, under a 30-year concession agreement.

The project will be implemented on a Build-Operate-Transfer (BOT) basis under the Public-Private Partnership (PPP) model, aimed at strengthening India's maritime infrastructure and expanding cargo-handling capacity.

According to DPA, Essar Ports emerged as the highest bidder through a global competitive bidding process, offering a royalty of Rs 61 per tonne payable to the port authority.

The terminal, with an estimated project cost of Rs 2,276.06 crore, is designed to handle 18.33 million tonnes ...