According to Assocham Kerala is in top in bidding in PPP Based Project

Published on: 29 Jun, 2013
Published under: Cochin District News, Kerala Business News

29 June 2013
Kochi

With two projects worth over Rs 5,500 crore, Kerala is the frontrunner among states that have projects under bidding in the public-private-partnership (PPP) model in the ports sector, said a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham).

As per the report titled ‘Port Developments in India’, the Kerala projects represent a share of 40% in value terms. While two projects worth over Rs 6,200 crore are under construction in the state, one completed project, worth over Rs 700 crore, has been put to service delivery, the study said.

“While there are 31 completed port projects worth over Rs 24,700 crore, about 21 PPP projects in the port sector with a share of 52% worth over Rs 43,000 crore are under construction, eight projects worth about Rs 14,000 crore with a share of about 17% are under bidding,” said Mr Rawat. “Of the remaining, one project is in the expression of interest stage (EOI) and one has been cancelled.”

In the under construction category, Kerala, Maharashtra, Odisha and the Union territory of Pondicherry are the regions with maximum share, ranging from 7% to 16% of the PPP projects, worth over Rs 2,900 crore -Rs 6,700 crore.

Source– http://timesofindia.indiatimes.com/city/kochi/Kerala-leads-in-PPP-based-port-projects-under-bid-Assocham/articleshow/20824102.cms

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