Rs.4531 CRORE ALLOCATED FOR MODERNISATION
OF MAJOR PORTS DURING TENTH PLAN
More than Rs. 4531
crore have been allocated for development including expansion
and modernization of major ports in the country during the Tenth
Plan. Out of this, Rs.2,955.37 crore have been earmarked for new
schemes. In addition, an investment of about Rs.11,257.00 crore
by the private sector in major ports is also envisaged during
this period. This was stated by the Minister of Shipping, Shri
Shatrughan Sinha in a written reply in the Lok Sabha today. He
said that the schemes included in the Tenth Plan are expected
to yield an additional capacity of 127.10 million tonnes per annum
(MTPA) through construction of additional berths, extension of
existing berths and modernization of cargo handling equipment
in major ports.
In reply to another
question, Shri Sinha said that Nhava Sheva International Container
Terminal Private Limited is operating a Container Terminal on
Build, Operate and Transfer (BOT) basis at Jawaharlal Nehru Port
in Navi Mumbai. He said that 95% shares of the Nhava Sheva International
Container Terminal Private Ltd. are beneficially owned by P&O
Australia Ports Private Ltd.. The Minister denied that our terminal
at the port has been incurring losses due to terminal owned by
the multi-national company.
