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i-maritime News Service

Mangalore SEZ pipeline corridor to NMPT by fiscal-end - 2012-06-11


Mangalore SEZ Ltd will complete its dedicated pipeline-cum-road corridor project to New Mangalore Port by March 2013.

Mr Rajiv Banga, Managing Director and Chief Executive Officer of Mangalore SEZ Ltd, said this while speaking on ‘SEZ opportunities for petrochemicals in Karnataka’ during Global Investors’ Meet at Bangalore recently.

He said that Mangalore SEZ is setting up a direct pipeline-cum-road corridor, nearly10 km long, connecting the SEZ units to the New Mangalore Port. This is, in addition to creation of water infrastructure by setting up two barrages each on the Nethravathi and the Gurupur adjoining Mangalore.

The dedicated corridor would save cost and time for the petrochemical units. He said that phase I of the corridor development is expected to be completed by March 2013.

He said that Mangalore SEZ is the only notified sector-specific petrochemical SEZ in Karnataka.

Source : Hindu Business Line