Nicobar: Proposals received from nine companies for international port in Nicobar, first phase to be completed by 2028.

The Ministry of Ports has received proposals (Expressions of Interest) from nine companies for the Rs 41,000-crore international transshipment port project on Great Nicobar Island in the Bay of Bengal.

Earlier this year, the Ministry of Ports, Shipping and Waterways said in a statement that the project is expected to be completed with an investment of Rs 41,000 crore ($5 billion). This will involve both government and public private partnership (PPP) investment.

“Nine companies have submitted expressions of interest (EOI) for the international transshipment port project in Great Nicobar Island,” a senior government official told the media on condition of anonymity. Will have an ultimate capacity to handle 16 million containers. Its first phase will be completed by 2028 at a cost of Rs 18,000 crore. It will have a capacity to handle more than 4 million containers.