PPPAC to give nod for 3 new ports this fiscal: Sarma

The apex body for clearance of projects on 'Public Private Partnership' basis, PPPAC is most likely to approve three new ports by the end of this fiscal year.

"The PPPAC is likely to approve three proposal for port projects by the end of this fiscal. We have planned nine such projects," Shipping Secretary A P V N Sarma said.

The Public Private Partnership Approval Committee (PPPAC) has already approved two port projects on PPP basis in October this year.

Sarma said: "We would refer remaining four proposals in next few months to PPPAC. These dedicated ports would handle one material like coal and iron ore."

When asked about ministry's demand under the stimulus package for the industry, he said: "We have asked for special package for the first time in view of ongoing meltdown. The demands include funds for dredging operations and tax relief."

The two PPP port projects, expected to come up at Paradip for handling iron ore and coal while another two are proposed to be set up at Vizag for liquid and dry cargo.