Ports to touch 3.2 bn tonne capacity by 2020: Vasan

Written by fe Bureau | Chennai | Updated: Jan 30 2011, 05:51am hrs
The shipping ministry would take all possible measures to enable the Indian major ports reach a cargo handling capacity of 3.2 billion tonne by 2020, said shipping minister GK Vasan. He was speaking at the commemoration of Indian port sector touching 1.011 billion tonne cargo handling capacity. Earlier he launched the 3 projects at Ennore port near Chennai namely,coal terminal, iron ore terminal and car terminal built at a total cost of Rs 880 crore.

The terminals were built on build-own transfer(BOT) basis by Chettinad International Coal Terminal (CICTPL). The agency CICTPL is a special purpose vehicle floated by a consortium of South India Corporation Agencies (SICAL), Portia Management Services and Navayuga Engineering.

He said, The ministry has signed various port and port-based infrastructure development projects to the tune of Rs 6,172 crore under the PPP model in the last 18 months. Though modest when compared to neighbouring China, but the investment process under the maritime mission would for sure to triple the cargo capacity from the current around 1 billion to 3 .2 billion tonnes.