Kerala is constructing two port projects worth over Rs 6,200 crore under the public private partnership (PPP) route.
The state government completed one port project worth over Rs 700 crore under PPP and it has been put to service delivery, a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham) shows.
The industry body released the report titled ‘Port Developments in India’.
DS Rawat, Secretary General of Assocham said 62 projects in the port sector worth over Rs 82,000 crore are in different stages of implementation under the PPP model. To put it in perspective, in all 881 PPP projects worth over Rs 5.4 lakh crore are taken up across India in different sectors.
While there are 31 completed port projects worth over Rs 24,700 crore, about 21 PPP projects in the port sector with a share of 52 percent worth over Rs 43,000 crore are under construction, eight projects worth about Rs 14,000 crore with a share of about 17 percent are under bidding, Rawat said.
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