labels: shipping, economy - general
Shipping ministry passes final draft on NMDP news
Our Corporate Bureau
27 December 2005

New Delhi: The shipping ministry has approved the final draft of the National Maritime Development Programme (NMDP), which will now be sent to the infrastructure committee, under the PM, for approval.

The government has approved expansion of capacity at the Jawaharlal Nehru port and Kandla port, involving a cost of Rs800 crore and Rs154 crore, respectively.

While phase I involves a total cost of Rs31,971 crore, phase II is estimated to cost Rs23,833 crore. The private sector's contribution for phase I and II will be around Rs19,112 crore and Rs15,394 crore. The corresponding contribution of the government will be Rs1,350 crore and Rs2,259 crore.

Major projects will include deepening of channels, development of berths, replacement of equipment and port connectivity, among others.

The government is looking at adding a capacity of 252mlt in all major ports by '09. Currently, total capacity in Kolkata, Haldia, Paradip, Visakhapatnam, Chennai, Mumbai, Cochin, JNPT and Kandla, among others ports, stands at 397.5mlt.



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Shipping ministry passes final draft on NMDP