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PPP projects worth Rs 42,300 cr identified for major port development

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PPP projects worth Rs 42,300 cr identified for major port development

Till 2024–2025, the Center has identified 81 public–private partnership (PPP) projects with a total investment of Rs. 42,300 crore for the construction of berths and terminals at the principal ports.

To handle the significant increase in freight traffic demand in the future, the Ministry of Shipping is finding new road alignments, upgrading current roads, and developing new rail projects.

Up to 101 projects totaling Rs 62,627 crore are slated for completion by 2024 under GatiShakti, of which 13 projects totaling Rs 565 crore will receive financial support under the Sagarmala Scheme.

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Up to this point, 86 PPP-approved projects at significant ports totaling Rs 55,000 crore have been approved. As the first significant port in the nation to operate all berths under a PPP model, Jawaharlal Nehru Port has become a 100% landlord port.

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