Central govt's port monetisation drive delayed on security clearance

05 May 2022 CW Team

The Ministry of Ports, Shipping and Waterways (MoPSW) has been able to award projects worth only 14 per cent of the target amount in 2021-22. The ministry has been able to monetise three projects worth approximately Rs 1,000 crore, falling significantly short of the target of Rs 6,924 crore from 13 projects for this fiscal year. According to NITI Aayog, the national monetisation pipeline (NMP) for the sector encompasses nine of India’s 12 major ports.

Awarding of contracts for these projects can only take place after obtaining separate security clearances from the Ministry of Defence, Ministry of External Affairs, and Ministry of Home Affairs, as the projects fall in strategic areas. As per government regulations, the final security clearance accorded to a bidder is typically valid for five years.

The 13 projects include big-ticket items like development of western dock captive berth at Paradip Port for Rs 3,000 crore, leasing out of a container terminal at Jawaharlal Nehru Port Trust (JNPT) for Rs 863 crore, and operations and management (O&M) of Mumbai International Cruise Terminal for Rs 495 crore.

According to the NMP plan released by NITI Aayog, the central government plans to monetise 31 cargo berths valued at Rs 12,828 crore by the end of 2024-25, accounting for 2 per cent of the overarching monetisation target of Rs 6 trillion. The shipping ministry is also understood to have tweaked its monetisation targets for this fiscal year in view of the shortfall in FY22, which will be on the agenda in the upcoming apex committee meeting of the ministry’s flagship Sagarmala plan.

The NMP lays out port assets worth Rs 4,680 crore in FY23, Rs 915 crore in FY24, and Rs 1940 crore in FY25 for leasing out to private entities. The contracts will be awarded for a 30-year period and actual capital investment is likely to happen in phases during the initial years in the envisaged concession period.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..