“Conceptualised as a multi product industrial and logistics hub, it will spread across 90 hectares of land and shall be built at an estimated cost of $1.55billion.It is proposed to have 1.5km long breakwater, 6km long approach channel with 19.5m draught, 670m diameter turning circle and 1.5km long quay wall.
Capacity
The company’s boss said the project will increase capacity in the first stage to 1.5 million containers yearly, graduating to 2.7 million and ultimately 4.5 million in about five to seven years of operation, to make up for the current huge capacity gap”.
Economic Impact
According to him, it is expected to contribute more than $200 billion to the government exchequer while also creating close to 163,000 new jobs in the economy.
