Shipping ministry to develop six port projects

The Ministry of Shipping is expected to award contracts for six port projects costing Rs 3,319 crore on PPP basis.

According to sources, the six projects are expected to add capacity of 31.23 million tpa and 1.97 million TEUs (twenty foot equivalent units).

The proposed projects include development of a deep draught iron ore berth and a coal berth with a capacity of 10 million tpa each at a cost of Rs 591.35 crore and Rs 479.01 crore respectively at Paradip port. A container terminal with a capacity of 1.5 million TEUs at Ennore port is also planned at an estimated cost of Rs 1,407 crore. A container terminal at Tuticorin, more berths at Kandla and an iron ore handling facility at New Mangalore are also proposed.

Other proposals include declaration of Andaman & Nicobar Islands and Lakshadweep as major ports after CCEA approval and financial restructuring of Hindustan Shipyards and transfer of assets of the yard to the ministry of defence.


Source : ProjectsToday

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