Financial Daily from THE HINDU group of publications
Tuesday, Jan 13, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Logistics - Shipping


Land policy for major port trusts soon

Our Bureau

Kolkata , Jan. 12

A COMPREHENSIVE land policy for major port trusts will be finalised shortly, most probably within a month or so. Giving this information here on Monday, Mr D.T. Joseph, Shipping Secretary, said the policy, once firmed and announced, would help the major port trusts develop their land assets properly.

"The Ministry has decided that the earnings from any port land developed for commercial purpose either by the State Government or by the private developers have to be shared equally between the developer and port trust concerned," he said.

Mr Joseph felt that left to themselves the port trusts alone could not always develop the lands on their own as various State Government agencies, environment protection authorities and others would have to be involved in it. In many cases, the present tenancy laws, which would prevent the port trust to have fair return on their assets, might have to be amended. Some State Governments, he said, were inflexible in regard to the implementation of relevant regulation, he said.

The Shipping Secretary felt that the market rate concept might not always work, saying, "people's demands and rights too have to be kept in mind". The land on the waterfront should be left for beautification and protection of heritage while the commercial development should be undertaken away from the waterfront.

Earlier, Mr Shatrughan Sinha, Shipping Minister, announced that Kolkata Port Trust (KoPT) would bear the cost of the development and modernisation of the two ghats, the Nimtolla Burning Ghat, and Sarada Mother's Ghat (named after the wife of Sri Ramakrishna), on the bank of the Hooghly river.

He felt that State Governments and other organisations like the Tourism Department and the Environment & Forest Department too should come forward to develop lands. "Today being the birth anniversary of Swami Vivekananda, I have great pleasure to make this announcement," the Minister said.

Dr A.K. Chanda, Chairman of KoPT, said there were 41 ghats of which only 15 belonged to the port authorities. According to a tentative estimate, the development of the Sarada Mother's Ghat would cost around Rs 50 lakh while the cost estimate of the development of the other ghat was yet to be finalised.

Asked if the Shipping Ministry would work out a comprehensive policy with regard to development of heritage projects also in other ports, Mr Joseph replied, no other port, except Mumbai port, had this kind of heritage. "In Mumbai port, there is no river like the Hooghly river in Kolkata but there are some heritage buildings under it and these buildings could be renovated and protected," he said, adding that "the Government is yet to take a firm view on this." He, however, made it clear that the country did not need the expertise of the foreign agencies in this regard. "I understand the Thames River Authority is involved in the beautification of the Hooghly river waterfront but we have nothing to learn from them as our heritage is much more precious," he observed.

The Shipping Minister indicated that the development of National Sea Waterways, i.e, the approach channel in every port, and of inland water transport and coastal shipping will constitute the massive Sagarmala project.

More Stories on : Shipping

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Ministry for more parleys before pvt airlines fly abroad


Emirates takes delivery of Airbus plane
Lufthansa to extend four seasonal flights till March
Goshree link road
Cargo imports by domestic entities — New norms soon on first right of refusal to Indian ship owners
Land policy for major port trusts soon
Four firms evince interest in Kochi Port project
UAE's Emirates Post launches new service to India
Net access in Shatabdi trains



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line