WITH the Shipping Ministry considering the government's plan for a stake sale in Ennore Port as 'unviable' at present, the proposal has been put on hold.
An official apprised that the Ministry had requested the Department of Disinvestment to wait for two years as it reckoned that disinvestment would be a viable option only after the projects take off at the Port.
The official pointed out that work on the rail connectivity and container terminal projects, being implemented on PPP basis, were in progress and expected to be concluded in two years. It may be recalled that Ennore Port was originally conceived to handle thermal coal to meet the needs of the Tamil Nadu Electricity Board, but the scope had to be expanded subsequently in view of Tamil Nadu’s plan to set up a power project.
Source : Exim News Service - NEW DELHI, Sept. 11
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