According to the Business Standard, the IFC is considering a US$170m loan to part fund the proposed US$303m expansion project.

This development project will include building a new liquid cargo berth, expansion of the present container berth and bulk berths. There will also be dredging works to accommodate larger vessels. There will also be a new internal road, associated gateways, parking for trucks and new rail sidings to enable handling the extra volumes.

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