Shipping Ministry to award projects worth Rs 13000 crore under PPP mode

New Delhi: The shipping ministry plans to award seven projects, worth Rs 13,000 crore, under the public-private partnership mode in the next three months. Four of them were to be awarded in the first quarter but were held up for want of security and environmental clearances. For FY12, the government aims to award 23 PPP projects worth Rs 16,700 crore in 2011-12 , adding 230 mt to India's yearly cargo handling capacity of 1 billion tonnes.

In the second quarter, the government plans to award three projects of Rs 7,500 crore. These will include development of fourth container terminal at Jawaharlal Nehru Port, a multi-user liquid terminal at Kochi and a container terminal at the Tuticorin Port. These projects will add a yearly capacity of about 80 mt

( Source ET)