The construction of Galathea Bay Port at the eastern side of the country is further expected to provide additional benefits such as currency savings, foreign direct investment, higher economic activity at other Indian ports, improved logistical infrastructure and hence efficiencies, job creation, and increased revenue share.
The construction of breakwaters, dredging, reclamation, berths, storage areas, buildings, utilities, equipment procurement and installation, and the development of a port colony with core infrastructure are all included in the estimated cost of Phase 1 of the project, which is approximately ₹18,000 crore.
[7] The project is considered important because to its strategic closeness (40 nautical miles from the Malacca Strait) to the International trade route and the presence of transhipment facilities in Singapore, Klang, and Colombo.
Additionally, the availability of naturally occurring water depths of more than 20 metres and the potential to handle transhipment goods from all the nearby ports, including domestic ones, are expected to make India a significant hub for Asia-African and Asia-US/European container traffic trade.
[8] The phase one of the project includes two breakwaters, a 400-meter wide channel for navigation, an 800-meter turning circle, a total of seven berths at a length of around 2.3 km, a container yard with 125 ha, equipment for handling containers, including RMQCs and RTGs, and the option to build two berths for liquid cargo.