Govt awarded 75 port projects in Major Ports in 3 years: Sonowal
The government has awarded around 75 port development projects in Major Ports in the last three years, Union Minister of Ports, Shipping and Waterways, Mr Sarbananda Sonowal, said in a written reply in the Rajya Sabha. He said that over the past three years, there has been a 37% increase in the capital expenditure to Rs 7,571 crore in Financial Year 2024 (from Rs 5,527 crore in Financial Year 2022) by the Ministry, including a 54% increase in Gross Budget Support (GBS) to Rs 1,687 crore in Financial Year 2024 (from Rs 1,099 crore in Financial Year 2022), which is primarily towards the achievements of goals and targets outlined under MIV 2030.
Under the Maritime India Vision (MIV) 2030, Major Port capacity increased from 1,598 MMTPA in Financial Year 2022 to 1,630 MMTPA in Financial Year 2024. Overall, vessel turnaround time (TAT) reduced from 53 hours in Financial Year 2022 to 48 hours in Financial Year 2024, and ship berth day output increased from 16,000 MT in Financial Year 2022 to 18,900 MT in Financial Year 2024.