APSEZ acquired Gopalpur Port at an enterprise value of Rs3,080 crores…Gopalpur
is located between two major ports – Paradip and Visakhapatnam – and is
expected to create synergies with APSEZ’s existing ports at Dhamra and
Gangavaram and help APSEZ strengthen its east coast presence.
True, Gopalpur Port’s 30-year concession ends in 2036 but can be
extended twice by ten years each on mutual terms. The port operator is
contractually mandated to pay a revenue share of 7.5 percent to the Odisha
government.The concessionaire can expand the port capacity as per the market
demand beyond the existing capacity of 20 mt.
Gopalpur Port Ltd has leased land of 513.4 acres with option to receive
additional land on lease for future development.