The government of India announced its $1.85 billion investment for the expansion of Major Ports’ Infastructure Development & Capacity Augmentation. The Minister of State for Shipping (I/C) and Chemical & Fertilizers, Shri Mansukh Mandaviya recently informed that the upgrade is under construction.
The project will focus on the construction of new berths and terminals, the mechanization of the already existed ones, the capital dredging of deepening drafts for attracting large vessels and lastly the expansion of road and rail connectivity.
From the 31st of March this year, the expansion resulted an increase in cargo handling volume at the major ports, up to 1514.09 Million Tonnes Per Annum (MTPA), being able to handle the EXIM and Coastal cargo. For the records, during 2018-19 major ports managed traffic was noted up to 699.10Million Tonnes (MT).
We have laid emphasis on building futuristic infrastructure. Port, shipping and Maritime infrastructure are prominent among them.
…said the Prime Minister of India, Shri Narendra Modi.
In the last three years of the major ports’ expansion, several projects were awarded with a total project cost of Rs. 13308.41. Once the projects been awarded, there were executed as per the relevant contractual timelines.
Concluding, the Ministry of India in order to ensure timely completion, is often monitoring the ports’ projects at various levels, while receiving monthly reports from the major ports about the projects award and process.
