Govt. awards 49 port projects worth INR 8,341 cr in FY17
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.
Tag Keyword: Port Project , Cargo , Growth Rate , Fiscal Year