The cabinet committee on economic affairs (CCEA) is likely to clear the two major port projects in Andhra Pradesh’s Ramayapatanam and West Bengal’s Sagar.
The two projects are part of the centre’s plan to award as many as 30 ports worth Rs 24,600 crore during the current year and enhance the cargo handling capacity by 288.48 million tonne.
Both the proposed ports may attract over Rs 15,000 crore in investments, reports indicate. While the Sagar port may cost Rs 7,820 crore, the Ramayapatanam port may cost Rs 8,000 crore.
The Andhra Pradesh government had offered three sites to set up the new major port; the central government picked the site in Prakasam district. The clearance for the Sagar port was also keenly sought by West Bengal Chief Minister Mamata Banerjee to spruce up her state’s investment scenario.
There are 12 major ports in India, under control of the central government. Currently, Indian ports have capacity to handle around 1,000 mn t per annum.
Leave a Reply
You must be logged in to post a comment.