Multipurpose sea port at Tadadi

The State government has decided to undertake development of a multipurpose, all-weather greenfield sea port at Tadadi under the public private participation model.

A special purpose vehicle - Tadadi Port Limited - has been formed for the implementation of the project. The Karnataka State Industrial and Infrastructure Development Corporation Limited has been designated as the nodal agency for the project.

About 1,419 acres of land at Tadadi in Uttara Kannada district is available for development of the port. Selection of the developer of the port will be through global tenders.

The estimated cost for the project is Rs 3,800 crore. The State government has offered development of the port to the Union Ministry of Shipping.

The first meeting of the board of directors of Tadadi Port Limited was held on May 2 under the chairmanship of K Jairaj, Additional Chief Secretary, according to an official press note.