The Union government has cleared ₹75,000 crores for the construction of the greenfield international port, an international container transshipment terminal, a township, and power plants across 16,610 hectares of pristine forests in the Great Nicobar Island. The environment ministry’s Expert Appraisal Committee on Infrastructure projects has approved the project.
The proposed mega infrastructure project on Great Nicobar Island involves the construction of a transshipment hub (the International Container Transshipment Terminal or ICTT) and three other interlinked projects: a greenfield international airport, a township and associated infrastructure, and a gas-diesel-solar power plant. These will come up on the eastern side of the Great Nicobar Island, including Galathea Bay.
A prestigious project of holistic development of Great Nicobar Island (GNI), aiming to transform the Island into a hub of port-led development, has obtained a green signal. The GNI project has been conceived based on the principles of Sustainable Development wherein the ecological, economic and social factors have been given due consideration at every stage.
Considering the national importance of the project in view of the security, socio-economic benefit and strategic location of the transshipment terminal, the Govt. of India has conceived the project at an estimated cost of Rs 72,622 crores after careful consideration of the environmental status of Great Nicobar Island.