Adani, Essar and DP World in race to develop Rs 2,500-crore ports.

The government’s Rs. 2,500-crore plan, announced in the Union Budget, to enlist private players to develop seven operational cargo berths at state-owned ports has been welcomed by the industry.

The tenders of VO Chidambaranar Port Trust (VOC) and Paradip Port have received interest from industry majors like Adani Ports and Special Economic Zone (APSEZ), the Dubai government-owned DP World, Essar, J M Baxi Group, and APM Terminals Management BV. “For berth No 9, we are planning a bulk cargo terminal in a public-private partnership (PPP) model at an investment of over Rs. 400 crore. 

BS