Union Minister for Shipping GK Vasan said the achievement of his ministry was outstanding during 2012-13, in terms of awarding capacity augmentation projects at major ports.
The ministry awarded 32 projects in 2012-13 which will add a capacity of 137 mn mtpa (million metric tonne per annum) at an estimated investment of Rs 6,765 crore.
This is the best performance for any year in the history.
The minister said this on the sidelines of an event organised for signing agreement between DP World
and the Jawaharlal Nehru Port Trust (JNPT) for a container terminal project.
JN Port is the biggest container handling Port in India, handling around 44 percent of the country’s containerized cargo, first crossing the historic landmark of 4 million TEUs in container throughput in the year 2007-08. The port is currently ranked 26th among the top 100 Container Ports in the world.
Union Minister for Shipping and Sultan Ahmed Bin Sulayem, Chairman, DP World were present on the occasion.
Under the agreement, a terminal with the quay length of 330 metre will be developed by the concessionaire at an estimated cost of Rs 600 crore. The estimated capacity addition will be 0.8 Million TEUs per annum. The project is slated to be completed by December 2015.