08 April 1996 00:00 [Source: ACN]
A MAJOR chemical terminal is being set up at Dahej in the Bharuch district of Gujarat in western India. The terminal will be fully equipped to handle all types of hazardous chemicals.
The first phase of the Rs5.25bn (US$151.95m) terminal, comprising a jetty, storage and pipeline facilities, will handle 1.5m tonne of chemicals. It is expected to be operational by 1998.
The project will be operated by Gujarat Chemical Port Terminal, in which Indian Petrochemicals Corp Ltd (IPCL) holds 30% equity. Other partners include five state government companies: Gujarat State Fertilisers, Gujarat Industrial Development Corp, Gujarat Alkalies and Chemicals, Gujarat Narmada Fertilisers Corp, and Gujarat Industrial Infrastructure Corp.
The state-owned Engineers India will provide the engineering design and consultancy for the project. A consortium of banks-Industrial Credit and Investment Corp of India, Shipping Credit and Investment Corp of India, and the Bank of Baroda - will provide Rs3.5bn for the project.
Initially, the terminal will be used exclusively by IPCL and its partners. However, after the second phase which consists of a second jetty with a capacity to handle 2.5m tonne is commissioned, other companies could use the terminal.
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