• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Bijoy Ghosh

Reviewing afresh: The Union Minister for Shipping, Mr G.K. Vasan, and the Vice-Chancellor of the Indian Maritime University, Mr P.K. Vijayan, at a press conference in Chennai on Saturday. –

Our Bureau

Chennai, June 27 The Shipping Ministry will have a ‘fresh look’ at the private-public-partnership (PPP) projects that are to be implemented at various ports, according to the Union Shipping Minister, Mr G. K. Vasan. This will be part of the 100-day programme of the Ministry to be launched on Wednesday, he told newspersons.

“Yes, there have been delays in PPP projects at our ports. We need to have a fresh look,” he said, but did not give any details on what the “fresh look” would be. “Please wait till Wednesday.” he said.

According information available on the PPP Web site of the Ministry of Finance,there are ten PPP projects involving investments of Rs 17,037 crore in the pipeline till 2010. These include three container terminals, two dry bulk cargo berths, one multipurpose cargo berth, two mechanisation of cargo berths, one construction of cruise terminal and one development of waterfront.

As on March 31, ten projects worth Rs 4,430 crore are under bidding and implementation stage. This includes three container terminals, one liquid cargo berth, four dry bulk cargo berths, one multi-purpose cargo berth and one project for mechanisation of cargo berth.

There are 17 projects that would call for investments of Rs 5,150 crore under PPP. These include seven container terminals, one container freight station, four liquid cargo berths and five dry bulk/general cargo berths.

“Development of PPP variants for improvement in time and cost efficiency and to make it more attractive to foreign investors,” is the issue on hand, an official of the Shipping Ministry said at a review meeting.

On the Sethusamudram Ship Canal project, Mr Vasan said it was an important project for Tamil Nadu. However, since it is in the court, “I cannot talk more about it,” he said.

More Stories on : Alliances & Joint Ventures | Shipping/Ports

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

Copyright © 2009, 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