It is reported that around 6 entities have been short listed by the Karnataka government for developing the Karwar port project phase II in Uttara Kannada district.
The selected bidders will operate the port for a 30 year period and after completion of the period, it will be handed over to the government. The proposed port will have 2 additional berths, a petrol, oil & lubricant jetty along with related infrastructure. It will be developed at an estimated cost of INR 500 crore on public private partnership basis.
