Top News

|  Essar Shipping loss widens to INR 176 crore in Q4  |    |  200 MW solar projects to come up at major ports  |    |  Paradip Port awarded for 2nd highest Traffic growth by Ministry of Shipping  |    |  Aviation ministry to plan path for Air India this week  |    |  Mundra ports quarterly profit up 27% to USD 182.6 million, sales up 18%  |    |  April air cargo rates up as Asia-North America volumes rise  |    |  DHL adds another China-Europe rail link  |    |  Railways to seek Cabinet nod for INR 35,000 cr development fund  |    |  Fraport profit soars 24.5% to USD 20.2 million, revenues rise 3.5%  |    |  CONCOR to start train service from ICD Agra to Mundra Port  |    |  Indian Railways will export 18 diesel locomotives to Myanmar  |    |  Korea seaport cargo up 6.6% in April  |    |  Toyota and Mitsubishi hope to run container port near Indonesian car plants  |    |  PMRDA to start work on ring road by October  |    |  AADA raises China-Australia rate USD 300 TEU July 1  |    |  PPT gets Shipping Ministry award  |    |  Centre govt. plans to upgrade vessel repairing facilities at 7 ports  |    |  Visakhapatnam Port to be modernised by 2019  |    |  CMA CGM launches 2nd loop between India, Mideast &Africa  |    |  Cochin Port to commemorate arrival of 1st vessel  |   
You are here: Home » National News » Shipping» Govt. awards 49 port projects worth INR 8,341 cr in FY17

Govt. awards 49 port projects worth INR 8,341 cr in FY17

18 April 2017 | New Delhi
 

transreproter

The government awarded 49 port projects with an investment of INR 8,341 crore in the previous fiscal, which will result in capacity addition of 104 mt.

This was against a target of 102 million tonnes per annum (MTPA) capacity augmentation.

Shipping, Road Transport and Highways Minister Nitin Gadkari said that “In respect of development of port infrastructure, 49 projects have been awarded with a capacity of 103.52 MTPA against a target of 102 MTPA with an investment of INR 8,341.12 crore during the last fiscal.”

He said concerted efforts to improve port infrastructure have resulted in the highest ever capacity addition of 100.59 mt in major ports during the last fiscal.

The Minister said that “Major ports capacity during 2015-16 was 965.36 MTPA. This crossed 1,065 MTPA during 2016-17.”

India has 12 major ports — Kandla, Mumbai, JNPT, Marmugao, New Mangalore, Kochi, Chennai, Ennore, VO Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia) which handle approximately 61% of the country’s total cargo traffic.

They registered an annual growth rate of 6.79% in cargo handling against 4.32% in 2015-16, whereas private ports annual growth rate stood around 4% in the just-concluded fiscal.

   
Transreproter Logo