Bhubaneswar, Sept. 20 -- A greenfield deep-sea port will be established at Bahuda in Odisha's Ganjam district with an investment of Rs 21,500 crore.

A tri-partite agreement has been signed between the Odisha Maritime Board (OMB), Paradip Port Authority (PPA) and Sagarmala Finance Corporation (SFC) at a maritime event at Bhavnagar in Gujarat recently for establishment of the all-weather port.

The proposed port will come up on around 5,000 acres of land at Bahuda and it will function as a satellite port of Paradip deep-sea port, said Industries Minister Sampad Chandra Swain in a social media post today.

The new port will have the capacity to handle 150 million tonnes of cargo in a year, he added.

Apart from the major port at Paradip in ...