The Maharashtra government recently awarded the contract for setting up a minor port at Rewas in Raigarh district to Amma Lines Ltd. The company signed a Build, Own, Operate, Share and Transfer (BOOST) agreement with the state government for the project for a period of 50 years which includes construction period of five years. The project would be implemented in three phases. The first phase of the project entails an investment of Rs 1,300 crore.
The project would have a debt:equity ratio of either 3:1 or 4:1. The Maharashtra government would hold 11 per cent equity stake in the project. For the remaining equity and debt component the company is in talks with leading foreign and Indian companies, banks and financial institutions.
The location of the proposed deep-water port at Rewas
At present, the proposed site at Rewas has a passenger terminal, which would be demolished and relocated to make way for ALL's first phase development plans. In the first phase, the company plans to set up six berths which would be used for containers, bulk cargo, liquid cargo and general cargo.
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