PPP projects worth Rs 42,300 crore for Major Port development by FY25: SarbanandaSonowal

The Government has identified a pipeline of 81 public private partnership (PPP) projects worth Rs. 42,300 crore for developing berths and terminals across the Major Ports till 2024-25, Minister of Ports, Shipping and Waterways SarbanandaSonowal said recently.

“Our Ministry through various initiatives under the ambitious PM GatiShakti National Master Plan aims to provide systematic, multi modal connectivity to various economic zones for seamless movement of people, goods and services.”

The Shipping Ministry is identifying new alignment and upgradation of road and new rail projects which are essential for ports for movement of sizeable freight traffic in the future. There are 101 projects under GatiShakti worth Rs. 62,627 crore for implementation by 2024, of which 13 projects worth Rs. 565 crore are supported financially under Sagarmala scheme.

On National Logistics Policy (NLP) he said that it envisages creation of a single window e-logistics market to reduce logistics cost, to improve India’s trade competitiveness, and to create more jobs and pave the way for India to become a logistics hub. Cargo movement through Inland Waterways and Coastal Shipping shall be enhanced to attain optimal Multimodal transport mix.

Site Moved. Visit our New Website

We have moved this news site from this URL to https://www.newprojectstracker.com/capex-news .

Visit this site for regular updates

Buy Latest Research Reports

Related Posts