Speeding to beat model code launch, Ministry meets 30-port project target
6 March 2014 12:23 AM GMT
‘This is the best achievement in our history and we have already met the target for 2013-14,’ Vasan said. Hurrying through before the model code of conduct sets in, Vasan said the target has been achieved with almost a full month to go on the back of changes in policies.
He also touched upon the achievements of his ministry, saying during the past four years, it has awarded 88 new projects requiring an investment of Rs 42,953 crore and adding 558 MT in additional capacity.
The most important decision have been deregulating tariffs for new projects by disbanding the Tarriff Authority of Major Ports (Tamp), setting a strict timeline for getting security and green clearances for projects and a new land policy, Vasan said.
It can be noted that the ministry had been repeatedly missing its targets in the past. The government has set itself stiff targets as part of the maritime agenda which needs to be implemented by 2020.
With the overall target in mind, the government has been working on yearly targets. Last fiscal, only 27 of the target of 42 projects were bid out to private sector entities for construction,
which entailed an investment of Rs 6,303 crore and adding 114 MT in additional capacity.
He also touched upon the achievements of his ministry, saying during the past four years, it has awarded 88 new projects requiring an investment of Rs 42,953 crore and adding 558 MT in additional capacity.
The most important decision have been deregulating tariffs for new projects by disbanding the Tarriff Authority of Major Ports (Tamp), setting a strict timeline for getting security and green clearances for projects and a new land policy, Vasan said.
It can be noted that the ministry had been repeatedly missing its targets in the past. The government has set itself stiff targets as part of the maritime agenda which needs to be implemented by 2020.
With the overall target in mind, the government has been working on yearly targets. Last fiscal, only 27 of the target of 42 projects were bid out to private sector entities for construction,
which entailed an investment of Rs 6,303 crore and adding 114 MT in additional capacity.
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