The Union Minister for Shipping, Mr G. K. Vasan stated that as per the National Maritime Agenda (NMA), the government plans to commission at least 4 hub ports, two each on the east coast and west coast.
Chennai Port and Visakhapatnam Port on the east coast and Jawaharlal Nehru Port (JNP) and Cochin Port on the west coast will be developed into hubs capable of receiving 13,500 TEU containerships.
The Minister further stated that private investment under PPP has been envisaged under the NMA during the 2010-20 period. Of the total Rs 1,09,449.41 crore of investment planned in Major Ports during the decade, Rs 72,878.16 crore has been earmarked from the private sector for port development activities/projects like construction of berths, procurement of equipment, road-rail connectivity and other related projects.
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Dredging Today Staff, December 22, 2011;