Pondicherry : Pondicherry Health Minister E. Valsaraj, who is also in charge of Ports, told A. Anbalagan (All India Anna Dravida Munnetra Kazhagam) during question hour in the Assembly on Thursday that Subash Projects and Marketing Limited, a New Delhi-based company, had been assigned the port development work here under the Build, Operate and Transfer (BOT) scheme.

The work had been assigned on a 30-year lease period to the company. Replying to a supplementary raised by Mr. Anbalagan, the Minister said that the company would bear the entire investment for the development of the port.

The company is required to remit to the Government annually 2.6 per cent of the revenue earned during the entire 30-year period of lease. The expected revenue accrual to the Government would range from Rs. 4 crore to Rs. 56 crore in different phases.

Mr. Valsaraj said that in the meanwhile a government employee had filed a writ petition relating to the expansion of the port and allied works in the Madras High Court.

The expansion and development work would be taken up on the basis of the verdict in the case. Mr. Valsaraj also detailed the steps taken prior to sanction of lease to the company.

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