Press Information Bureau

Government of India

Ministry of Shipping

26-December-2012 14:42 IST

The Union Cabinet today approved a proposal of the Ministry of Shipping for licensing of land to the concessionaries for seven projects taken up in the Public Private Partnership (PPP) mode. These projects have been taken up in terms of the extant policy of the Government of India to pursue maritime development projects under the PPP mode.

This will facilitate the Ministry of Shipping in augmenting the capacity of ports expeditiously through public private partnership and will also bring about efficiency in operations at major ports which will benefit trade and the economy as a whole.

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SC/SM

Licensing of port land for PPP projects expands concessionaire access and accelerates port capacity development under government PPP policy Approval is granted for licensing of land to concessionaires for seven maritime infrastructure projects under the Government's Public Private Partnership policy, enabling private parties to obtain land rights necessary for project execution at major ports. The licensing is an administrative mechanism to align land allotment with PPP concession arrangements to expedite port capacity augmentation and improve operational efficiency through concessionaire-led development, subject to the terms and governance of the extant PPP policy.