The larger Rs 69.25
billion project at Manki in Uttara Kannada will be developed on a design,
build, finance, operate and transfer basis over a 45-year concession. Its first
phase comprises a 15 million tonnes per annum all-weather deep-water
multipurpose port, capable of handling coal; iron ore; limestone; fertilisers;
petroleum, oil and lubricants; containers and steel products; with capacity to
berth vessels of up to 180,000 deadweight tonnage. The second phase may involve additional
port capacity or a shipyard with annual production of 0.3-0.5 million gross
tonnes. The Rs 3.22 billion greenfield shipyard at Gangolli Beach, Kundapura,
will be designed to build three handysize vessels annually.