Posco to go ahead with Orissa port

摘要

Posco, South Korean steel major has decided to go ahead with its proposal to set up a dedicated port. The company has submitted a formal application to the state government to develop a captive port at Jatadhari, near Paradip Port. According to a report the steel giant has formally proposed to the state government to set up a separate port for its steel project. Posco says Paradip Port, besides getting seriously congested, is located quite far from the site proposed for the plant. Posco has three options-to use the facilities that Paradip Port has to offer, set up a dedicated berth in the port, or have its own captive ports. The filing of the application makes it quite clear that the company has decided it wants a dedicated port.