GOVT TO DEVELOP SIX PORT PROJECTS WORTH RS 3,319 CR

<! -- google_ad_section_start -->Under all the much-hyped 100-days programme belonging to the UPA government, the supply ministry has proposed to help award a contract regarding six port projects being Rs 3, 319 crore for the basis. It will get the Cabinet Committee for Economic Affairs鈥? (CCEA) approval for implementing mechanised iron ore taking on facility at New Mangalore Dock (NMPT) in Karnataka yearly few weeks. 鈥淭he six projects are hoped for to add a ability of 31. 23 million dollars tonnes and 1. ninety seven million TEUs (twenty-foot equivalent units), 鈥? shipping minister GK Vasan talked about while unveiling the ministry鈥檚 100-day course. The of a profound draught iron ore berth along with coal berth with some sort of capacity of 10 million tonnes each in the cost of Rs 591. 20 crore and Rs 479. 01 crore respectively within Paradip port. A container terminal along with a capacity of 1. 5 million TEUs at Ennore port is in addition planned at an projected cost of Rs 1, 407 crore. The shipping minister also said the costa rica government was looking into the opportunity of disinvesting Shipping Corp of India (SCI). 鈥淭he ministry is looking at the economic climate and we'll take a view within this, 鈥? Mr Vasan proclaimed, adding that the financial health of the public sector company need to be improved. The ministry is studying a proposal for economical restructuring of Hindustan Shipyards along with transfer of its assets with the ministry of defense. These have also decided to develop the Indian Maritime University or college in Chennai with campuses by and Visakhapatnam. Meanwhile, that ministry has proposed so that you can declare Andaman & Nicobar Iss and Lakshadweep as key ports. It would soon methodology the Cabinet seeking its approval for those same. Courtesy: - ET dt: : 02-07-09
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