Government proposes to spend Rs 73,793.35 crore on major ports by 2017

NEW DELHI: The government today said it has proposed an investment of Rs 73,793.95 crore for development of various projects in the port sector in the ongoing 12th Five Year Plan (2012-17).

"As regards Major Ports... In the 12th Five Year Plan the Government of India has proposed to invest Rs.73,793.95 crore for development of various projects in port sector," an official statement said quoting Shipping Minister G K Vasan.

The statement said that the capacity of major ports by the end of March, 2012 was 689.83 million tonnes per annum (MTPA).

The government has set a target of enhancing the capacity of major ports to 1,229.24 million tonnes per annum by the end of March, 2017.

In the year 2012-13, 25 Projects have been identified for award at various Major Ports in the country under Public Private Partnership (PPP) mode for augmenting ports capacity.

India has 12 major ports along its 7,517 kms of coastline, six each on the west and east coasts -- Mumbai, Jawaharlal Nehru Port Trust, Kolkata (with Haldia), Chennai, Visakhapatanam, Cochin, Paradip, New Mangalore, Marmagao, Ennore, Tuticorin and Kandla.