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Maharashtra ranks 3rd in port projects under PPP

Maharashtra ranks 3rd in port projects under PPP
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As on April 30, 2013, a total of five completed port projects worth over Rs 3,700 crore have been put to service delivery under the PPP model in in Maharashtra,
a report by Assocham shows.

The report, titled Port Developments in India shows that the state ranks second in under-construction and under-bidding port projects under public-private partnership (PPP), with a share of 15 per cent and 37 per cent, respectively, in value terms.

The report also shows that three projects each worth over Rs 6,700 crore and Rs 5,100 crore are under construction and under bidding respectively in the state.

Across the country, 62 projects in the port sector worth over Rs 82,000 crore are in the different stages of implementation, said DS Rawat, National Secretary-General of Assocham. This is part of the total 881 PPP projects worth over Rs 5.4 lakh crore taken up across the all sectors in India.

While there are 21 PPP projects in the port sector with a share of 52 per cent worth over Rs 43,000 crore under construction, eight projects worth Rs 14,000 crore with a share of 17 per cent are under bidding, said Rawat. Of the remaining, one project is in the expression of interest stage (EOI) and one has been cancelled, he added.

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