Private sector handles over 67 projects
Seventy-nine projects, costing Rs.36,399 crore, are being implemented by Major Port Trusts, State Maritime Boards, State Government/Union Territories and Private Sector.
These projects are under the Sagarmala Programme that runs through to 2035, Minister of State for Shipping and Finance, Pon Radhakrishnan, told parliament on 26 July 2018.
The programme has 243 port infrastructure developments, costing Rs.142,989 crore. Forty-four projects, costing Rs.8,549 crore, have been completed.
Twelve major ports have spent Rs.5,431 crore in the last two Financial years (FY2016-17 and FY2017-18) and have planned to spend Rs.4,552 crore in the current Financial year ( FY2018-19) for developing infrastructure.
Additionally, Ministry of Shipping has released Rs.446 crore to various implementing agencies in last two years for 35 port infrastructure projects costing Rs.1,879 crore.
The private sector is involved in more than 67 projects costing Rs.89,567 crore at under the Public Private Participation (PPP) model.
Thirty-four existing private ports are being developed by the private sector.
Also, 15 new port licenses have been granted by State Governments to Private Sector for development. fiinews.com
