The Union government has cleared five port projects in various ports on September 24.
Four of the five projects are to come up at Chennai Port, Cochin Port, Kandla Port and Haldia Dock Complex in Kolkata. The Union Cabinet cleared the proposals and the port projects involve handing over of land required to the project developers on a long-term basis. Four of these port projects will be implemented on a public-private partnership (PPP) basis.Media reports say that the bidding process is on for the two projects (Chennai and Kochi), while the other two have already been awarded.