India to invest Rs73,794 crore in port sector in 12th Plan
17 May 2012
The government of India proposes to invest Rs73,793.95 crore for development of various projects in the port sector in the 12th Five Year Plan, shipping minister G K Vasan informed the Rajya Sabha today.
Replying to a question, the minister said development of minor/non-major ports vest with respective state governments while major ports are under the control of the central government.
The minister further stated that cargo-handling capacity of major ports in the country would be increased to 1,229.24 million tonnes by March 2017, the end of the 12th Plan period, against the existing capacity of 689.83 million tonnes.
He said the shipping ministry has identified 25 projects at various major ports to be awarded under public-private partnership mode in the year 2012-13.
The minister also said that no final decision has been taken in regard to the Ports Regulatory Authority Bill, 2011.
The government has constituted an inter-ministerial task force under the chairmanship of member (transport) of the Planning Commission to make appropriate recommendations regarding regulation/deregulation of port tariffs, he said.
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