Hailing the Public Private Participation (PPP) model as the way forward for development of ports across the country, Union Minister for Shipping G K Vasan said that this would be the focus even in the next Five Year Plan.
“PPP will continue to be the preferred mode of development of port infrastructure during the 12th Plan period too. Private sector participation will play a major role in realising the planned capacity augmentation at the ports,” he added. He spoke on Saturday at the curtain raiser for an international conference on shipping called ‘India Maritime 2012’. Vasan also said that in order to meet the traffic of more than 1,700 million tonnes during the 12th Five Year Plan (2012-17), the ministry has thought up various schemes to develop major and non-major ports at a cost of `1.80 lakh crore.
In addition, the Shipping Ministry is formulating a new land policy for major ports, which is supposed to level the playing field for all stakeholders. “My ministry is also relentlessly working on formulation of a new land policy as well as a captive land use policy for major ports,” he said. The policy policy will be tabled in Parliament shortly, he added.
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