PPP Remains Key Model for Ports Development (India)
Mr G. K. Vasan, the Union Shipping Minister, said that the public-private partnership (PPP) would continue to be the model of choice for the port infrastructure development.
“Private sector participation will play a major role in realising the planned capacity augmentation at the ports during the 12th Plan with an expected share of about 70 per cent and 98 per cent in Major Ports and non-major ports, respectively,” he stated.
EXIM India reports that the Ministry was planning to create 244 million tonnes of capacity during 2012-13 by investing Rs 14,500 crore into 42 projects.
Dredging Today Staff, September 5, 2012