Business Standard
Monday, May 28, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Govt awards seven port projects worth Rs 1,800 cr
Sharmistha Mukherjee / New Delhi Oct 09, 2009, 00:44 IST

In a major thrust to expand capacity at important ports in the country, the Ministry of Shipping has awarded seven projects worth over Rs 1,800 crore, to be developed through the public-private partnership (PPP) route.

Another 19 projects, estimated to cost around Rs 18,000 crore, are expected to be awarded on similar PPP basis by early 2010.

These 26 projects together will expand capacity at the major ports in the country by 42 per cent, or 245.97 million tonnes per annum. The ministry intends to double capacity at major and non-major ports in the country to 1,590 mt by 2012 from the present 795 mt.

Rakesh Srivastav, joint secretary (ports), said: “We have floated RFQs for all the projects to be developed through PPP this fiscal. We are hopeful that the bidding process for most of the projects will be completed by early next year.”

Of the seven projects awarded, those for the construction of deep draft iron ore berth (Rs 591 crore) and deep draft coal berth (Rs 479 crore) at Paradip port have been entrusted to a consortium of the Noble Group, MMTC and Gammon Infrastructure and Essar Shipping Logistics, respectively.

Others include setting up of mechanised iron ore handling facilities at berth 14 at New Mangalore port (Rs 277 crore) by Sical Logistics, development of berth 7 for handling bulk cargo at Mormugao port (Rs 252 crore) by a consortium of the Adani Group and Mundra SEZ and mechanization of berth 2 and 8 at Haldia Dock Complex (Rs 150 crore) by ABG Infralogistics Ltd. These projects on completion will enhance capacity at the ports by nearly 42 million tonnes per annum.

There were originally 17 projects scheduled for awarding in 2009-10. Nine projects, which were supposed to be awarded in the previous fiscal, have spilled over into this year, taking the total number of projects to be awarded for development through PPP this year to 26.

The 19 projects which are under bidding include development of multipurpose cargo berths 14-16 at Kandla port (Rs 755 crore), development of EQ-10 berth for handling liquid cargo (Rs 55.38 crore) and WQ-6 for handling dry bulk cargo (Rs 114.37 crore) at Vizag. Another five projects valued at over Rs 1,200 crore are scheduled for awarding to develop facilities at Vizag.

Besides these, container terminals are proposed to be set up in Tamil Nadu, Karnataka and Maharashtra. One new container terminal will be constructed at the Jawaharlal Nehru Port (JNPT) at a cost of Rs 6,700 crore, while another standalone container handling facility would be developed at the NSCIT Terminal of the same port for Rs 600 crore.

This apart, Rs 3,686 crore would be expended for a container terminal at Chennai, Rs 1,407 crore and Rs 268 for terminals at Ennore and Tuticorin, respectively.

A senior official at the ministry said: “Growing resource requirements and concern for managerial efficiency have led us to encourage private sector participation in developing infrastructure at ports. We have framed guidelines for PPP projects, formulated model documents (RFQs and RFPs) and model concession agreements, and made provision for upfront tariff fixation by the Tariff Authority for Major Ports to facilitate the same.”

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- Mobile handset companies bet on Indian app makers
- CBI arrests Jagan Andhra on alert
- Gold imports fall 32% on strict govt measures
- RIL wants import-parity price for its gas
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us