KOCHI: With two projects worth over Rs 5,500 crore, Kerala is the frontrunner among states that have projects under bidding in the public-private-partnership (PPP) model in the ports sector, said a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham).
As per the report titled 'Port Developments in India', the Kerala projects represent a share of 40% in value terms. While two projects worth over Rs 6,200 crore are under construction in the state, one completed project, worth over Rs 700 crore, has been put to service delivery, the study said.
"Out of the total 881 PPP projects worth over Rs 5.4 lakh crore taken up across India, 62 projects in the port sector worth over Rs 82,000 crore are in different stages of implementation," said D S Rawat, secretary general of Assocham, while releasing the study.
"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% worth over Rs 43,000 crore are under construction, eight projects worth about Rs 14,000 crore with a share of about 17% are under bidding," said Mr Rawat. "Of the remaining, one project is in the expression of interest stage (EOI) and one has been cancelled."
Gujarat accounts for the lion's share with over 50% of the total completed PPP projects in the ports sector, said the study. Kerala garners 2.8% in the completed projects category following Odisha, Maharashtra, Andhra Pradesh and Tamil Nadu.
In the under construction category, Kerala, Maharashtra, Odisha and the Union territory of Pondicherry are the regions with maximum share, ranging from 7% to 16% of the PPP projects, worth over Rs 2,900 crore -Rs 6,700 crore.
"The total capacity of India's nine maritime states namely - Andhra Pradesh, Goa, Gujarat, Karnataka, Kerala, Maharashtra, Odisha, Pondicherry and Tamil Nadu as on March 31, 2007 was about 228.3 million tonnes which was expected to add about 337.4 million tonnes during 2007-12 and the total capacity realized as on March 31, 2011 was 418.3 million tonnes thereby adding about 190 million tonnes during the first four years of the XI plan," observed Rawat.
"There is an urgent need to modernize India's ports as the existing ports are plagued with a plethora of problems like congestion, poor connectivity, accessibility and lack of adequate facilities," said Rawat. Considering that India's port infrastructure is not at par with the global standards, it poses severe challenges to the country's trade in terms of higher costs and turnaround time at ports, he added.
Source:-timesofindia.indiatimes.com
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