The Centre is moving on its ambitious plan to develop the ₹40,000-crore Galathea Bay International container transshipment terminal (ICTT) project, in the Andaman and Nicobar islands, in a public-private partnership (PPP) framework.
This month, the Ministry of Ports, Shipping and Waterways moved a proposal with the PPP Appraisal Committee (PPPAC) under the finance ministry. It calls for building the port in Design Build Finance Operate Transfer (DBFOT) mode, at least two senior officials told Business Standard.
“The appraisal process is ongoing and currently at the inter-ministerial consultation stage. We have received comments from the finance ministry and NITI Aayog and are responding to concerns. The expectation is that the appraisal committee will meet on this soon and it will get its approval,” one official said.
The Centre is moving on its ambitious plan to develop the ₹40,000-crore Galathea Bay International container transshipment terminal (ICTT) project, in the Andaman and Nicobar islands, in a public-private partnership (PPP) framework.
This month, the Ministry of Ports, Shipping and Waterways moved a proposal with the PPP Appraisal Committee (PPPAC) under the finance ministry. It calls for building the port in Design Build Finance Operate Transfer (DBFOT) mode, at least two senior officials told Business Standard.
“The appraisal process is ongoing and currently at the inter-ministerial consultation stage. We have received comments from the finance ministry and NITI Aayog and are responding to concerns. The expectation is that the appraisal committee will meet on this soon and it will get its approval,” one official said.
