Licensing of Land for Development Projects at various Major Ports

By Accommodation Times News Services

The Union Cabinet today approved the proposal for licensing of land to the concessionaires for four projects to be taken up in the Public Private Partnership (PPP) mode and one project on lease basis based on tender-cum-auction for setting up a cement bagging plant at Cochin Port. These four projects have been taken up in terms of the extant policy of Government of India to pursue Maritime Development Projects under the PPP mode.

This decision will help in augmenting the capacity of ports expeditiously through Public Private Partnerships and will also bring about efficiency in operations at major ports which will benefit the trade and the economy as a whole.

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