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Govt panel clears port projects worth Rs7,757 cr

Govt panel clears port projects worth Rs7,757 cr
PTI
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First Published: Thu, Nov 12 2009. 03 36 PM IST
Updated: Thu, Nov 12 2009. 03 36 PM IST
New Delhi: A government panel has sanctioned three port projects worth Rs7,757 crore, including the development of a container terminal at the Jawaharlal Nehru Port Trust.
The other two projects include development of a container handling facility towards the north of JNPT as well as mechanization of coal handling facilities and upgrading of general cargo berth at Vishakhapatnam.
“The Public-Private Partnership Approval Committee (PPPAC) has given its nod for the three projects. These would now go to the Cabinet Committee on Infrastructure for final approval,” a senior shipping ministry official said.
The PPPAC, headed by finance secretary Ashok Chawla, gave approved the long-pending Rs6,696-crore mega project for the development of a fourth container terminal at JNPT. The project has been granted a concession period of 30 years, which includes three years of construction.
The PPPAC has also cleared the Rs600 crore project for developing a container handling facility towards the north of JNPT for with 18 year concession period.
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First Published: Thu, Nov 12 2009. 03 36 PM IST