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Centre gives nod to three port projects worth over Rs. 2,000 crore.

Byline: ANI

New Delhi, Jan.22 (ANI): The Centre has approved three port projects on public private partnership (PPP) basis for the construction of container terminal at two ports in coastal Tamil Nadu and a coal terminal in Goa.

The Public Private Partnership Approval Committee (PPPAC) under the Finance Ministry had approved these three projects of Department of Shipping at its 22nd meeting on January 13.

"The estimated cost of the approved projects is Rs 2,053.23 crore," an official release said on Thursday while adding that a container terminal each would be constructed at Ennore Port and Tuticorin Port, both in Tamil Nadu, at an investment of Rs. 1,407 crore and Rs. 312.23 crore respectively on build operate and transfer (BOT) basis.

In Goa, a coal terminal would be developed at a cost of Rs 334 crore on design, build, finance, operate and transfer (DBFOT) basis.

"Since its constitution in January 2006, PPPAC has granted approval to 94 projects, with an estimated project cost of Rs 94,783.576 crore," the statement added.

The approved list of 94 projects included highways (81 projects), ports (nine projects), airports (two projects), tourism infrastructure (one project) and railways (one project). (ANI)

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Publication:Asian News International
Geographic Code:9INDI
Date:Jan 22, 2009
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