The union ministry of ports, shipping, and waterways is set to widely surpass its four-year asset monetization target of ₹12,828 crore ahead of the deadline thanks to robust awarding of projects under the public-private partnership (PPP) model.
In an interview, union minister for ports, shipping, and waterways, Sarbananda Sonowal said the aim is to raise ₹6,760 crore this fiscal year through the development of berths and terminals at major ports under the PPP initiative.
He said 20 projects worth close to ₹7,000 crore would be put on the block for monetization this fiscal. This would help the ministry exceed the monetization target set for the sector under the National Monetisation Pipeline (NMP) of 16 trillion finalized by the finance ministry in 2021, he added.
Most of the current year's monetization would involve developing a new berth at the Deendayal Port (Kandla, Gujarat), setting up a container terminal at Haldia Dock Complex of Shyama Prasad Mookerjee Port (Kolkata, West Bengal), and plan for a dry dock in Vadinar (Gujarat).
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