Govt clears four port projects worth Rs 4,120 cr

A high-level panel, headed by Finance Secretary Ashok Chawla, has cleared four port expansion projects entailing an estimated investment of Rs 4,120.29 crore in three states.

The Public Private Partnership Appraisal Committee (PPPAC) has granted approval for development of mega container terminal at the Chennai Port at an estimated cost of Rs 3,125 crore, an official statement said today.

The committee, in a meeting held earlier this month, also cleared the project to develop a multi-purpose berth at the Paradip Port in Orissa to handle clean cargo. The estimated cost of the project is Rs 387.31 crore, it said.

The panel approved development of the second North Cargo Berth at the Tuticorin Port in Tamil Nadu for handling bulk cargo at a cost of Rs 332.16 crore.

The development of container terminal at the New Mangalore Port has also been approved at an estimated cost of Rs 275.82 crore.