India Ports Developments
The Indian Ministry of shipping issued two press releases detailing port infrastructural improvements.
Developments of New Major Ports in PPP Mode
The Union Government has decided to develop Major Ports at Dugarajapatnam in Andhra Pradesh and Sagar Island in West Bengal through Public Private Partnership (PPP) mode. The Major Port at Dugarajapatnam is expected to be completed by 2018 at an approximate cost of Rs 4006 crores in the first phase. The Major Port at Sagar Island is expected to be completed by 2020 at an approximate cost of Rs 7820 crores in the first phase.
This was stated by Shri G.K. Vasan, Union Minister for Shipping, in a written reply to a question in the Rajya Sabha.
New Facilities at Visakhapatnam Port Trust
Government of India has accorded approval for implementation of the project “Upgradation of the existing facility at outer harbor and creation of new facility at inner harbor for handling iron ore” at Visakhapatnam Port. In a statement laid down in the table of the Rajya Sabha today, Shri G.K. Vasan, the Union Minister for Shipping, said that the project will have a capacity of 23 million metric tons to cater to 2 lakhs Dead Weight Tonnage (DWT) carriers at outer harbor and upto 65000 DWT carriers at inner harbor. The estimated cost of the project is Rs. 845.41 crores and will be financed by the Concessionaire.
The upgrades, operation and maintenance of the facilities are expected to create new employment opportunities. The augmentation of capacity will also lead to increase in trade and associated benefits. The facility will mitigate dust pollution and increase operational efficiency as the existing ore handling complex will be upgraded with latest equipment.