WASHINGTON: The Centre has announced a government budgetary support of Rs.29 crore for the development of infrastructure projects in four ports for the current year against Rs.120.58 crore for the year-ago period as major ports have not announced expansion plans due to excess cargo handling capacity.
V.O.C. Port is the major beneficiary with an allocation of Rs. 15 crore, followed by Chennai and Mormugao ports with Rs. 5 crore each, and Cochin Port Trust Rs.4 crore. An official from the V.O.C. Port said the funds would be used for construction of coastal cargo berth.
