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Centre targets ₹42,300-cr port projects on PPP model

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Centre targets ₹42,300-cr port projects on PPP model

By 2024–2025, the Union Shipping Ministry hopes to complete 81 public–private partnership (PPP) projects totaling $42,300 crore to build berths and terminals at all of the main ports. To meet the significant and growing need for freight traffic, the ministry is exploring new road alignments, upgrading current roads, and building new rail lines. The projects included in the PM GatiShakti National Master Plan seek to establish systematic, multi-modal connection between diverse economic zones enabling frictionless flow of people, products, and services. The Sagarmala programme would provide financial support for 13 projects totaling 565 crore under the GatiShakti programme, which consists of 101 projects totaling 62,627 crore that must be completed by 2024.

The National Logistics Policy has strengthened the drive for smooth cargo transit and port connections. In order to lower logistics costs, increase trade competitiveness, generate more jobs, and prepare India to become a logistics powerhouse, NLP envisions the establishment of a single window e-logistics market. To achieve the ideal multimodal transport mix, cargo transportation over inland waterways and coastal ships shall be improved. In terms of funding, the PPP model is seen as a successful method for luring investment. 86 projects at significant ports totaling a massive expenditure of $55,000 crore have already received permission under the PPP model as of this point.

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