Thursday, 15 March 2012

Indian Govt to modernize all ports with public private partnership

New Delhi, Mar, 10 (EPC News): The union government with an aspiration to modernize each and every port in the country has proposed to increase the overall capacity of Indian ports with an investment of Rs2.77 lakh crore with a Public Private Partnerships (PPP).

“The Centre has proposed to increase the overall capacity of ports in India to 3,230 million tonnes by 2019-20 from the present 936 million tonnes,” said Union Minister for Shipping G K Vasan.

He said “an investment of Rs2.77 lakh crore was required for this purpose, which is meant for bringing them on par with international standards to increase the capacity of the ports. As the government has not been able to meet the required funds, it was proposed to promote private partnership in the ports sector.”

The Public Private Partnerships (PPP) in the port sector has given priority not only to infuse funds but also to induct the latest technology and improve management practices, he added.

According to him, the government has planned an investment of Rs2.34 lakh crores from the private sector for the development of ports.

EPC News Bureau

Posted by: epcworld | Posted on:3/10/2012 at 10:05 AM

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