Following is an excerpt from a report in Business Standard. (Thanks to Deba Nayak for the pointer.)

… The company had signed an memorandum of understanding (MoU) with the Orissa government on December 2006. The port is proposed near the mouth of Subernarekha river and is estimated to cost Rs 2,000 crore.

According to state commerce minister Jaynarayan Misra, the company has made progress after the signing of the MoU. It has applied to the Centre for environmental clearance of the port project and has applied to the railway ministry for sanction of rail link.

However, the exact date of starting the construction work of the project can be known after the signing of the concession agreement, he said.

According to the provisions, the concession agreement needs to be signed within six months of the Mou. However, there has been a delay of about 4 months.

The company has sought 1,018 acre land for the port and 1,300 acres for the rail corridor. CPDPL will pay land premium as per the rates provided in the Industrial Policy Resolution-2007. However, the government is yet to provide any land to the company.

The minister said, the land acquisition for the project may not face much problem as the displacement of people will be minimal. Only eight families of the village Chaumukh will be displaced due to the project.

Official sources said, Kirtania port will come up on Build-Own-Operate-Share-Transfer (BOOST) mode. While the concession period will be 30 years, the government will have the power to extend it.