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Mumbai: Mumbai: In an ambitious move to fast-track port development, the Centre will be awarding as many as 25 projects cumulatively requiring an investment of 11,000 crore in the next three months, top shipping ministry officials said. We want to speed up projects in the sector and will surely award the remaining projects by March," Union Shipping Minister G K Vasan told reporters. The 42 projects involve a capacity addition of 250 million tonne per annum to the existing 1,200 mtpa and an investment of 15,000 crore, of which 17 projects worth 4,000 crore have already been awarded, a senior official from the Ministry said. Vasan said this is a big leap for the Ministry, which had averaged up to six projects being awarded annually in the past decade. |
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