Gujarat today signed 32 deals worth Rs 15,500 crore on the concluding day of global investor summit for various projects in the port sector, of which Rs 13,000 crore is for development of five greenfield ports, a top official of Gujarat Maritime Board said.
The amount is more than what has been invested in the state’s port sector in the last ten years, chief executive officer of the GMB H K Dash said here.
The greenfield port at Maroli in south Gujarat has attracted the highest investment of Rs 6,000 crore with six investors proposing to investment in the project. The other four greenfield port projects are Vansi Borsi, Simar, Mithivirdi and Bedi.
Prime Minister Manmohan Singh will arrive in Kerala for a two-day visit on Tuesday. The main programme of his hectic schedule is the foundation stone laying ceremony of Vallarpadam International Container Terminal (VICT) on Tuesday.
VICT is taking off at last after a 14 year long process The project was originally planned way back in 1990 and global tender had been invited twice.
The Rs 1,868 crore project is vital for the infrastructure development of Kerala. Dubai Port International (DPI) had been awarded the contract for developing a hub port at Vallarpadam on a build-operate-transfer (BOT) basis in 30 years.
For that purpose Rajiv Gandhi Container Terminal (RGCT) will also be handed over to DPI and they will operate the terminal. The full-fledged functioning of RGCT under DPI will commence in three months, according to port officials.
The revenue from the terminal will be shared between DPI and the port on a 67:33 basis.