KSSIDC appointed nodal agency for the project
The project area will be 300 sq km
MANGALORE: Karnataka and Andhra Pradesh have emerged as front runners in their quest to secure a Petroleum, Chemical and Petrochemical Investment Region (PCPIR) proposed by the Centre, Chairman of Karnataka State Industrial Investment and Development Corporation (KSIIDC) Ltd. and MLA N. Yogish Bhat has said.
Gujarat, Orissa and West Bengal were the other States bidding for this prestigious project, he said.
Mr. Bhat told presspersons here on Sunday that the State Cabinet had cleared the complex proposal to be set up in Mangalore. The State Government had appointed the KSIIDC as the nodal agency for this project along with Infrastructure Leasing and Financial Services Ltd. as the lead consultant and Larsen and Toubro Ramboll Consulting Engineers Ltd. as the technical advisors, he said.
The project would be developed in three phases. While the immediate phase would start in 2008 and end in 2014, intermediate phase work would begin in 2015 and last till 2020. The third and final master plan phase would begin in 2021 and end in 2026. The project when complete would be spread over 300 sq km and set up on 74,131 acres of barren, non-agricultural land, he said.
The proposed investment in the project in the next 15 years was expected to be in the region of around Rs. 1.5 lakh crore and would end up generating jobs for an estimated 10 lakh people. Besides, if approved, the State would receive critical funding needed to improve the infrastructure in the region, including roads and railway lines, customs airport in Bajpe as well as the New Mangalore Port Trust in Panambur near Mangalore, he said. The water demand of the project had been estimated at 641 million litres a day, including 200 million litres daily in the first phase, 197 million litres daily in the second and rest in the third phase. Admitting that water would be a critical input for the project, Mr. Bhat said it had been proposed to source the same from the Gurupur and the Shambhavi. In addition, existing water impounding structure in Thumbay would be upgraded.
Mr. Bhat said 7,303.32 acres of existing projects or sites could be integrated into the project processing area such as the Mangalore Special Economic Zone, Mangalore Refinery and Petrochemicals Ltd., NMPT and so on. Mr. Bhat said the governments would have to incur expenses of around Rs. 4,617.9 crore to improve and upgrade various infrastructure on the way to realising the project in toto.