India: Private Sector Invests in Major Ports

Union Minister of Shipping, Shri G.K. Vasan informed the Rajya Sabha today in a written reply to a question that the expansion of capacity in terms of development of terminals, berths etc. in Major Ports in the country is done predominantly on Public Private Partnership (PPP) mode with investments from private sector.

The funds are invested by private sector in Major Ports for the port sector project on Public Private Partnership (PPP) mode.

Out of the 23 Public Private Partnership (PPP) projects with an investment of Rs. 16743.92 crores and capacity of 231.63 MTPA identified for award in the year 2011-12, three projects with estimated cost of Rs. 7977.58 crores have been awarded.

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Dredging Today Staff, March 15, 2012;

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