Govt clears 3 port projects worth Rs 2k cr
The government on Thursday approved three port projects worth Rs 2,000 crore on public-private partnership (PPP) basis. The projects include construction of container terminals at Ennore and Tuticorin ports. It also cleared a coal terminal in Goa.
By ET Bureau |
NEW DELHI: The government on Thursday approved three port projects worth Rs 2,000 crore on public-private partnership (PPP) basis. The projects include construction of container terminals at Ennore and Tuticorin ports. It also cleared a coal terminal in Goa.
While the container terminal at Ennore Port will be constructed at an estimated cost of Rs 1,407 crore, the one at Tuticorin Port will require an investment of Rs 312 crore. In Goa, a coal terminal will be developed at a cost of Rs 334 crore.
���The estimated cost of the approved projects is Rs 2,053.23 crore,��� said an official statement from the ministry of shipping, road transport & highways.
The three projects of the shipping ministry were approved by the Public Private Partnership Approval Committee (PPPAC) on January 13. With this approval, the total number of port project approved by the PPPAC this fiscal reached five. Previously, the committee had cleared two projects in Paradip worth Rs 1,070 crore.
The ministry of shipping has to award 52 specialised berths worth Rs 28,000 crore during 2006-12 for handling commodities like iron ore and coal. However, till now, only six berths worth Rs 6,500 crore have been awarded. This fiscal, it had to award nine projects worth Rs 4,500 but it has failed to get anything off the ground.
Of the two projects cleared in Paradip, the request for qualification (RFQ) has been completed and the financial bidding process is in progress. Besides Paradip, berth construction projects are likely to come up at Ennore, Mangalore, Tuticorin, Marmagoa, Kandla and Vizag.
Officials in the ministry said that the slippage was mainly due to a 2-year delay in finalising the new model concession agreement (MCA). As various arms of the government were involved in its preparation, the delay was inevitable.
MCA is the basis for awarding a project under the public-private partnership (PPP) model. It spells out the various concessions given to private contractors and specifies the time for transferring assets to the government.
While the container terminal at Ennore Port will be constructed at an estimated cost of Rs 1,407 crore, the one at Tuticorin Port will require an investment of Rs 312 crore. In Goa, a coal terminal will be developed at a cost of Rs 334 crore.
���The estimated cost of the approved projects is Rs 2,053.23 crore,��� said an official statement from the ministry of shipping, road transport & highways.
The three projects of the shipping ministry were approved by the Public Private Partnership Approval Committee (PPPAC) on January 13. With this approval, the total number of port project approved by the PPPAC this fiscal reached five. Previously, the committee had cleared two projects in Paradip worth Rs 1,070 crore.
The ministry of shipping has to award 52 specialised berths worth Rs 28,000 crore during 2006-12 for handling commodities like iron ore and coal. However, till now, only six berths worth Rs 6,500 crore have been awarded. This fiscal, it had to award nine projects worth Rs 4,500 but it has failed to get anything off the ground.
Of the two projects cleared in Paradip, the request for qualification (RFQ) has been completed and the financial bidding process is in progress. Besides Paradip, berth construction projects are likely to come up at Ennore, Mangalore, Tuticorin, Marmagoa, Kandla and Vizag.
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Officials in the ministry said that the slippage was mainly due to a 2-year delay in finalising the new model concession agreement (MCA). As various arms of the government were involved in its preparation, the delay was inevitable.
MCA is the basis for awarding a project under the public-private partnership (PPP) model. It spells out the various concessions given to private contractors and specifies the time for transferring assets to the government.
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