Ministry of Shipping
ECONOMY/SHIPPING New Central Scheme to help maritime states develop their ports - G K Vasan. PPP to be the preferred route for port capacity expansion in the country The Ministry of Shipping has chalked out an ambitious expansion plan to create additional port capacity in the country. It aims to award 42 projects, of which 29 will be under the PPP (Public-Private Partnership) mode during 2012-13 and the total capacity addition would be 245 million tonnes. Addressing a press conference at the end of the 14 th Maritime States Development Council Meeting in Mumbai today, Union Minister for Shipping G K Vasan said, already 17 projects have been awarded till December 31 and the rest would be awarded by the end of March 2013. Most of these projects are for capacity addition, deepening of channels and modernization. The Government has recently delegated enhanced financial powers to the Ministry of Shipping for approval o...