Govt Awarded 49 Port Projects in Previous Fiscal: Reports

Posted By: Religare
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    The Indian Government has said that it has awarded 49 port projects with an investment of Rs 8,341 crore in the previous fiscal, which will result in capacity addition of 104 MT.

    Govt Awarded 49 Port Projects in Previous Fiscal: Reports

    As per reports, this was against a target of 102 million tonnes per annum (MTPA) capacity augmentation.

    Commenting on the issue, Shipping, Road Transport and Highways Minister Nitin Gadkari told the media, "In respect of development of port infrastructure, 49 projects have been awarded with a capacity of 103.52 MTPA against a target of 102 MTPA with an investment of Rs 8,341.12 crore during the last fiscal."

    He said concerted efforts to improve port infrastructure have resulted in the highest ever capacity addition of 100.59 MT in major ports during the last fiscal.

    "Major ports capacity during 2015-16 was 965.36 MTPA. This crossed 1,065 MTPA during 2016-17," the minister added.

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