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.

In a strategic move to bolster maritime infrastructure, the Indian government has unveiled plans to develop 81 Public-Private Partnership (PPP) projects across major ports, with a cumulative investment of ₹42,300 crore, targeted for completion by the fiscal year 2024-25.

Project Overview

These 81 PPP projects are primarily focused on the development of berths and terminals, aiming to enhance the operational efficiency and capacity of India’s major ports. The initiative is part of a broader strategy to modernize port infrastructure, reduce logistics costs, and improve trade competitiveness. By engaging private sector participation, the government seeks to leverage investment, expertise, and technology to expedite these developments.

Integration with National Initiatives

The port development projects are closely aligned with the National Logistics Policy (NLP) and the PM Gati Shakti National Master Plan. The NLP aims to create a unified logistics ecosystem, reducing costs and enhancing efficiency. Under this framework, 101 projects worth ₹62,627 crore have been identified for implementation by 2024, with 13 projects valued at ₹565 crore receiving financial support under the Sagarmala scheme.

The PM Gati Shakti initiative emphasizes multimodal connectivity, integrating various transportation modes to streamline the movement of goods and people. The port projects under the PPP model are a critical component of this plan, aiming to enhance connectivity between ports and domestic production and consumption centers.

Progress and Future Outlook

As of March 2022, India’s major ports collectively possess a substantial capacity of 1,598 million tonnes per annum (MTPA) and handled 720 million tonnes of traffic during the financial year 2021-22. The ongoing and upcoming PPP projects are expected to further augment this capacity, positioning India as a significant player in global maritime trade.

The government’s proactive approach in identifying and implementing these PPP projects reflects its commitment to fostering a conducive environment for private investment in maritime infrastructure. This collaborative effort is anticipated to drive economic growth, generate employment opportunities, and enhance the overall efficiency of India’s logistics network.

In summary, the targeted ₹42,300 crore investment in 81 PPP port projects by 2024-25 signifies a transformative phase in India’s maritime sector, aiming to create a robust, efficient, and globally competitive port infrastructur

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