Govt's Rs 2,500 cr port development plan gains traction
PORTS & SHIPPING

Govt's Rs 2,500 cr port development plan gains traction

The government plans to use private firms to develop seven operational cargo berths worth Rs 2,500 crore run by the state-owned ports received approval from the industry.

VO Chidambaranar Port Trust (VOC) and Paradip Port have received tenders from industries like Adani Ports and Special Economic Zone (APSEZ), Dubai's DP World, Essar, APM Terminals Management BV, J M Baxi Group.

According to sources, a bulk cargo terminal has been planned for berth 9 in a public-private partnership (PPP) at an investment of more than Rs 400 crore at VO Chidambaranar Port Trust, Tamil Nadu. The expression of interest (EOI) shows interested firms for development. Major industries showing interest are Adani, Essar, DP World, J M Baxi.

As per the sources, Essar has plans for the development of the South Quay Berth (SQB) in Paradip Port Trust for nearly Rs 75 crore. VOC is also planning to develop the North Cargo Berth III with an investment of around Rs 420 crore in a public-private partnership model.

The Ministry of Finance, Nirmala Sitharaman, in the Budget, indicated that the seven development projects of Rs 2,000 crore would be available on offer for the private companies as a part of the new model of the management of ports.

The largest development project among the seven is at the Jawaharlal Nehru Port Trust (JNPT), a privatisation plan for its container terminal at nearly Rs 860 crore. As per the reports, JNPT is likely to issue a global tender in which APSEZ, APM Terminals Management BV, and DP World may participate. DP World and APM Terminals Management BV are already operating JNPT terminals. JNPT also sees private participation in the development of a dedicated berth to handle ships that run only on local routes at Rs 170 crore.

Other ports to receive private participation are Deendayal Port Trust in Kandla, Gujarat, for the development of Berth 14 for Rs 300 crore and the West Quay Berths 7 and 8 at Visakhapatnam Port Trust at Rs 288 crore.

Image Source


Also read: Major ports in India get tariff regulator

Also read: Inland Vessels Bill 2021: Government passes bill in Lok Sabha

The government plans to use private firms to develop seven operational cargo berths worth Rs 2,500 crore run by the state-owned ports received approval from the industry. VO Chidambaranar Port Trust (VOC) and Paradip Port have received tenders from industries like Adani Ports and Special Economic Zone (APSEZ), Dubai's DP World, Essar, APM Terminals Management BV, J M Baxi Group. According to sources, a bulk cargo terminal has been planned for berth 9 in a public-private partnership (PPP) at an investment of more than Rs 400 crore at VO Chidambaranar Port Trust, Tamil Nadu. The expression of interest (EOI) shows interested firms for development. Major industries showing interest are Adani, Essar, DP World, J M Baxi. As per the sources, Essar has plans for the development of the South Quay Berth (SQB) in Paradip Port Trust for nearly Rs 75 crore. VOC is also planning to develop the North Cargo Berth III with an investment of around Rs 420 crore in a public-private partnership model. The Ministry of Finance, Nirmala Sitharaman, in the Budget, indicated that the seven development projects of Rs 2,000 crore would be available on offer for the private companies as a part of the new model of the management of ports. The largest development project among the seven is at the Jawaharlal Nehru Port Trust (JNPT), a privatisation plan for its container terminal at nearly Rs 860 crore. As per the reports, JNPT is likely to issue a global tender in which APSEZ, APM Terminals Management BV, and DP World may participate. DP World and APM Terminals Management BV are already operating JNPT terminals. JNPT also sees private participation in the development of a dedicated berth to handle ships that run only on local routes at Rs 170 crore. Other ports to receive private participation are Deendayal Port Trust in Kandla, Gujarat, for the development of Berth 14 for Rs 300 crore and the West Quay Berths 7 and 8 at Visakhapatnam Port Trust at Rs 288 crore. Image Source Also read: Major ports in India get tariff regulator Also read: Inland Vessels Bill 2021: Government passes bill in Lok Sabha

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?