Govt awards 49 port projects worth Rs 8,300 cr in 2016-17
- IBEF
- April 18, 2017
New Delhi: The Government of India awarded 49 port projects worth an investment of Rs 8,341 crore (US$ 1.3 billion) in FY 2016-17 resulting in highest capacity addition of 104 million tonnes (MT), higher than the target 102 MT per year, as per Mr Nitin Gadkari, Minister for Road Transport, Highways and Shipping, Government of India. The capacity at major ports that stood at 965.36 MT per annum (MTPA) in 2015-16, crossed 1,065 MTPA in FY 2016-17. This was a result of planned efforts for the improvement of infrastructure in the 12 major ports of India that registered a growth of 6.79 per cent in cargo handling at 647.43 MT of cargo in FY 2016-17, as against a growth of 4.32 per cent in FY 2015-16.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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