India: CCEA OKs Five Port Projects

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of five projects – four container terminals (one each in the major ports of Kandla, Jawaharlal Nehru Port Trust (JNPT), Ennore and Kolkata) and one multipurpose cargo berth project in Mumbai Port.

The five projects will entail an investment of around Rs. 17,631 crore in port infrastructure. The proposed container projects will double the container handling capacity of major ports and will add capacity to the tune of 11.6 MTEU.

The project details are as follows:

The multi­purpose cargo berth proposed for the Mumbai Port Trust will handle iron and steel project cargo and automobiles, and will entail a capacity addition of 4.5 MTPA and will benefit industries located in the hinterland.

These projects will also bring in the latest technology and will be state of the art in line with global standards.

These facilities will go a long way in promoting the EXIM trade in the country and would also reduce transaction costs by improving efficiency in handling operations.

[mappress]

Press Release, February 5, 2014