Port projects worth Rs 6,000 cr cleared this fiscal

The ministry has been setting aggressive targets for capacity expansion every fiscal, with an eye on the targets set in the maritime agenda, under which certain targeted capacity needs to be created by 2020. Mumbai: The Union Shipping Ministry has cleared 20 port projects involving an investment of Rs 6,000 crore, envisaging 102 million tonnes in capacity in the first nine months of the fiscal. He hinted that the Ministry may not reach its target, but sounded confident of reaching the 200 MT-mark on new capacity addition contracts, with JNPT’s fourth container port beingthe biggest project. On the much-delayed fourth terminal of the largest container port – Jawaharlal Nehru Port Trust – which will require an investment of Rs 6,700 crore and push up capacity by 64 MT, Trivedi said the same will be awarded before March.