Infrastructure major Shapoorji Pallonji is foraying into bulk cargo-handling business and has got clearance to develop a greenfield port in Gujarat, Shapoorji Pallonji will invest around Rs 800 crore to develop and handle bulk cargo at the Simar port, located in Jamnagar district.
AFCONS, the marine infrastructure wing of Shapoorji Pallonji company will manage the project.
The company is planning to develop Simar (Jamnagar) as an all-weather direct berthing port.
Simar will have a 300-meter long jetty having offshore breakwater of 700 metres.
Phase 1 of this project will be complete by 2012, additional Rs 180 crore will be capitalized for Phase II and will add 10 million tonne capacity to the capcaity derived by Phase 1
Both the phase are expected to complete by 2020.
A senior company executive told that the company will start looking for environment clearance.