Ahmedabad: PM Narendra Modi will lay the foundation stone of the world's first CNG terminal in Gujarat's Bhavnagar district on September 29 next week. During the Vibrant Gujarat Global Business Summit 2019, Foresight Group signed a Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) for setting up this CNG terminal in Gujarat. The Gujarat government led by CM Bhupendra Patel has assured speedy implementation of various policies and has also granted necessary permissions to shape this terminal in the coming days.

The consortium submitted the project proposal to the Gujarat Maritime Board (GMB) in December 2019 for the development of the CNG terminal and other terminals on the north side of Bhavnagar port. The Gujarat government approved the proposal for the project and in September 2020 GMB issued a Letter of Intent (LoI) in the name of Bhavnagar Port Infrastructure Private Limited (BPIPL), a special purpose vehicle formed by the consortium.

The port will be built at a cost of Rs 4,024 crores and will have the world's fourth largest lock gate system along with state-of-the-art infrastructure for the world's first CNG terminal. Apart from the CNG terminal, the port will also cater to the future needs of the Bhavnagar district and upcoming projects like vehicle scrapping, container production, and other mega projects especially Dholera Special Investment Region (Dholera SIR).

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