Investment push for maritime projects to come from govt

Maritime projects worth Rs 8 lakh crore that failed to attract private investment will be executed by the shipping ministry through government funding. 

The ministry has identified 199 such contracts to be implemented over the next two years.

These projects, of which Rs 1.37 lakh crore are under various stages of implementation and development, will be executed in phases.

The residual projects drew low interest from the private sector on account of financial viability. The proposal to undertake them through government funding was first mooted in 2014 when the government announced its infrastructure development plan.

“As many as 415 projects were identified to be