port finance plans

8/3/2019 Port Finance Plans

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INFRASTRUCTUREBUilding for Growth

Government of India

Report of the Task ForceFinancing Plan for Ports


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INFRASTRUCTUREBuildingfor Growth

Government o f I nd ia

Report of the Task ForceFinancing Plan for Ports

Published byThe Secretariat for the Committee on Infrastructure

Planning Commission, Government of IndiaYojana Bhawan, Parliament Street

New Delhi - 110 001www.infrastructure.gov.in

July 2007
http://www.infrastructure.gov.in/http://www.infrastructure.gov.in/


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ContentsPreface1. Introduction2. Traffic projections3. Capacity requirement4. Source of financing5. Non-Major Ports6. Recommendations of the Task Force

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List of AnnexuresAnnex. IEstimated Traffic at Major Ports: 2011-12Annex. IICapacity addition at Major Ports: 2007-12Annex. III AProposed investment on container terminals 17Annex. III B

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Proposed investment on POL terminals 18Annex. III CProposed investment on other cargo terminals 19Annex. III DDevelopment & financing of terminals 20Annex. IVAProposed investment on terminals projects 40Annex.IVBProposed investment on dredging of channels 41Annex. IVCProposed investment on other capital dredging 42Annex. IVDProposed investment on equipment 43Annex. IVEProposed investment on other projects 44Annex. IVFSummary of proposed investment in Major Ports 45Annex. VCash balances of Port Trusts 46Appendix. IAnalysis of traffic projections 47


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Secretariat for Committee on Infrastructure

PrefaceThis Report outlines the financing plan forupgrading and augmenting port infrastructurein India. It responds to the direction of theCommittee on Infrastructure, chaired by thePrime Minister, to evolve a plan for creatingworld-class port infrastructure. The Reportwas prepared by a Task Force chaired by ShriAnwarul Hoda, Member, PlanningCommission, and included experts andrepresentatives from the Department ofShipping, Port Trusts, Planning Commissionand Ministry of Finance. It was consideredand approved by the Committee onInfrastructure in June 2007.

The quality of port infrastructure contributesdirectly to a country's internationalcompetitiveness and economic growth byfacilitating the smooth movement of cargo,spurring trade. In the past, port developmenthas not kept pace with the growth of theIndian economy, especially the quantum jumpin cargo traffic since 2002. As a result,several major ports are congested and offerinefficient services.

Compared to the actual traffic of 424 MMT atthe Major Ports (Central Governmentundertakings) in 2005-06, the projected trafficto be handled in the year 2011-12 would be708 MMT. Keeping in view the need toprovide for buffer capacity and seasonalvariations, a capacity of 1,002 MMT would berequired at Major Ports by 2011-12, as

compared to the existing capacity of 456MMT. A capacity addition of 546 MMTwould, therefore, be required during the period2006-07 to 2011-12.

To ensure the requisite investments as well astime-bound creation of world-class facilities,the Report recommends the development ofports primarily through Public PrivatePartnerships (PPPs).

Development of Major Ports would require aninvestment of Rs. 57,452 cr. between 2006-07and 2011-12 while development of other ports(i.e. ports not owned by the CentralGovernment) would require Rs. 35,933 cr.over the same period, aggregating to Rs93,385 cr. Of this, an investment ofapproximately Rs. 68,835 cr. is envisagedfrom PPPs.

(Gajendra Haldea)


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Introduction

1.1 The Committee on Infrastructure (Col) inits fourth meeting held on May 12, 2005approved the broad contours of thedevelopment of Ports and mandated that theprogramme be implemented by 2013 - 14.

1.2 Ports playa vital role in the overalleconomic development of the country. About95% by volume and 70% by value of thecountry's international trade relies uponmaritime transport. At present, there are 12Major Ports, six each on the east and westcoast and about 45 non-major and privateports contributing to maritime trade. The totalvolume of traffic handled by all Indian portsduring 2005-06 was 573 MMT (MillionMetric Tonnes) and the overall projectedtraffic for 2011-12 is 1009 MMT.

1.3 The traffic share of Major Ports in 2005-06 was 424 MMT and is expected to rise to708 MMT in 2011-12. To cater to theadditional capacity requirement, an investmentof Rs. 57,400 cr. is envisaged in the MajorPorts. To ensure holistic development, theMajor Ports have identified developmentprojects which can be broadly classified in thefollowing major categories viz (a)Construction/reconstruction of berths/jetties;(b) deepening of channels/berths; (c)procurement of equipment; and (d) others.

1.4 The growth in cargo, which has beenabout 19% for the last two years, is likely tocontinue at this pace. Rate of growth incontainers is likely to be in the region of 15%to 18%. With this growth rate, capacity atIndian ports, which is already under stress,

4 Report of the Task Force

requires substantial augmentation.

1.5 In the meeting of the Empowered Sub-committee held on May 17, 2006 under thechairmanship of Deputy Chairman, PlanningCommission, it was decided that the financingplan for Major Ports would be formulated by aTask Force under the chairmanship of ShriAnwarul Hoda, Member, PlanningCommission and consisting of the followingmembers:Secretary, Department of ShippingSecretary Expenditure or a nominated Addl.SecretarySecretary, Department of Economic Affairs ora nominated Addl. SecretarySecretary Commerce or a nominated Addl.SecretarySecretary Power or a nominated Addl.SecretaryAdviser to Deputy Chairman, PlanningCommissionAddl. Secretary, Ministry of Oil & NaturalGasAdviser (Transport), Planning CommissionChairperson, Mumbai Port TrustChairman, Kandla Port TrustManaging Director, Indian Ports Association1.6 The Group held meetings on June 22,August 17, September 8, November 17, 2006,April 13, 2007 and May 23, 2007 to discussand formulate the financing plan. Therecommendations of the Group are containedin the following chapters.


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Traffic projections

2.1 In 2004-05, the Department of Shippingcarried out a detailed study of traffic patternsand trends in order to make traffic proj ectionsin the port sector in the context of NationalMaritime Development Programme. With aview to making macro level traffic projectionsfor 2013-14 (both for Major and Non-Majorports), these projections have been furtherupdated in consultation with the UserMinistries/Departments and the Major Ports.The broad commodity-wise projections for theyears 2011-12 and 2013-14 are presentedbelow :- (InMMT)Commodity Traffic projections

(2011-12)Traffic projections

(2013-14)POL (crude, products 378 466and LNG)Iron Ore 128 140Coal 139 180Containers Tonnage 170 241(MTEUs) (14) (20)Others* 194 198Total 1009 1225(*) Includes iron & steel,fertilizers and their raw materials, foodgrains, alumina, chemicals and other miscellaneous & generalcargo

2.2 The above projections of 1009 MMT oftotal port traffic during 2011-12 have beencompared with separate projections based onGDP growth that take account of the growthtrend of port traffic during the previous 5years. The two sets of projections are veryclose.

2.3 During 2006-07 the share of Non-Majorports in total port traffic is likely to be around26.5%. In keeping with the ambitiousdevelopment plans of the State MaritimeBoards/Authorities and the constraints ofexpansion at the existing Major Ports, it is

expected that the share of Non-Major ports intotal traffic would progressively increase andwould reach about 30% by 2011-12. On thisbasis, the following projections have beenmade in table below:

(In MMT)Existing traffic

2005-06Projected traffic

2011-12Major Non-Major Total Total MajorPorts Ports Ports

POL 142 75 217 378 215Iron Ore 79 28 107 128 99Coal 59 13 71 139 109Container 62 4 66 170 144(Million TEUs) (4.6) (0.3) (4.9) (14.2) (12)Other cargos 82 32 113 194 141Total 424 151 575 1009 708

2.4 Based on the above projections, theCompound Annual Growth Rate (CAGR) oftraffic between 2005-06 and 2011-12 is likelyto be 9.83% for all ports, 8.94% for MajorPorts and 12.16% for Non- Major ports.

2.5 Out of the total projected traffic of 1009MMT, share of Major Ports will be 708 MMT.The projections of traffic at Major Ports havebeen arrived at on the basis of feed-backreceived from individual Major Ports andvarious Government and user agencies basedon current levels of demand, expansion plans,industrial growth, future export markets in therespective port's hinterland, etc.

2.6 The commodity-wise estimated traffic atMajor Ports for 2011-12 is given at Annex-Iand an analysis of the projected traffic in2013-14 is given at Appendix-I.

Financing Plan for Ports 5


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Capacity requirement

3.1 The existing capacity in the Major Portsis 456 MMT comprising 62 MMT (5.18MTEUs or Million Twenty Feet EquivalentUnits) for containers, 162 MMT for POL and232 MMT for other cargo respectively. Theprojections relating to iron ore, however, mayhave to be reviewed in case the policy relatingto export of iron ore is modified. Itmay beseen that the Major Ports would need toprepare themselves for handling a total cargotraffic of708 MMT by the year 2011-12.Keeping in view the projected traffic and theneed to provide for buffer capacity to meet thesurge in requirements, as also the possibilityof bunching of traffic, it is proposed toaugment the capacity at Major Ports to a levelof 1002 MMT which implies that anadditional capacity of about 546 MMT is to bebuilt in the period between 2006-07 and 2011-12. Commodity-wise break-up of additionalcapacity planned in the Major Ports is given intable below:

3.2 The commodity wise capacity additionplanned at each Major Port for 2007-12 isgiven at Annex II.

Commodity Existingcapacity2005-06

Projectedtraffic2011-12

Total capacityplanned by2011-12

3.3 India's port sector has reached a stagewhere the available capacity is facingsaturation on account of growing traffic. Thishas resulted in congestion and delays. Owingto inefficiency and growing congestion, theaverage pre-berthing detention and the averageturnaround time are high by internationalstandards. The building of additional capacityis, therefore, critical for rapid improvement inthe sector.

(InMMT)PlannedcapacityadditionBy 2011-12

POL 1 6 2 2 1 5 1 3 2 2 9 4Iron Ore 5 6 9 9 6 6 1 2 2Coal 4 6 1 0 9 6 9 1 1 5Container 6 2 1 4 4 1 6 1 2 2 4(MTEUs) ( 5 . 2 ) ( 1 2 ) ( 1 3 . 4 ) ( 1 8 . 6 )Other cargos 1 3 0 1 4 1 1 1 8 2 4 7Total 4 5 6 7 0 8 5 4 6 1 0 0 2



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Source of financing

4.1 Significant investments are required forupgradation and construction of berths;deepening of channels for improvement indrafts; and procurement, replacement andupgradation of equipment. The totalinvestments in the Major Ports during theperiod 2007-12 are estimated at a level of Rs.57,452 cr. A summary of the funding pattern isgiven in table below:4.2 Port-wise investment for capacity additionpertaining to berths for containers, POL andother cargoes is projected at Annex-IlIA, IIIBand I1IC respectively. Details relating todevelopment and financing of terminals are atAnnex-I1ID.

4.3 The total port-wise investment proposedfor construction of terminals, dredging of

channels, other capital dredging projects,equipment and other works is at Annex-IVA toIVE. Port-wise summary of the proposedcapital expenditure is at Annex-IVF. The cashbalances of Port Trusts, present as well asproj ected, are at Annex -V.

4.4 Capacity addition through new projectswould be at the level of 464 MMT, requiring acapital investment of Rs. 32,875 cr.Additional capacity of 82 MMT would also becreated through projects for dredging,equipment and other works aimed atimproving productivity.

Public Private Partnership4.5 Following the successful experience ofoperating berths at Major Ports on PPP basis

(Rs. in cr.)

Internalresources

Berth development1.1 Container terminal 11,502 10,958 0.0 544 0.01.2 POL berths 10,314 9,278 540 496 0.01. 3 Other cargo berths 11,059 8,715 0.0 2,343 0.0

Total (I) 32,875 28,951 540 3,383 0.0II Capital dredging 5,812 103 866 2,275 2,568III Equipment 3,604 1,444 0.0 2,030 130IV Connectivity* 2,955 26 402 2,232 296

Others@ 12,207 7,555 367 4,255 30Total investment 57,452 38,079 2,174 14,175 3,024

*The amount shown against connectivi ty projects indicates the amount committed by Port Trusts towards financing of the connectivi typrojects.@ "Others" include a range of projects such as infrastructure within ports (roads, navigational aids, warehousing, stockyards, securi tyworks, etc.), ship/container repair facilities, locomotives, breakwaters, marinas, shipbuilding facilities, etc.



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and in order to maximise the inflow of privatecapital, all new berths taken up after June 30,2006 at Major Ports will normally beconstructed through the PPP mode. The likelyinvestment from PPPs for construction of newberths would be Rs. 38,079 cr.

Internal resources of Port Trusts4.6 The total volume of internal resourcesavailable for investment in different ports hasbeen indicated at Annex- V. Some of the portshave sufficient funds of their own to meet thecapital expenditure on dredging, replacementof equipments and other port-specificactivities. It is estimated that investments ofabout Rs. 14,175 cr. can be funded through theinternal resources of Port Trusts.

Borrowings4.7 The shortfall between inflows from allsources and projected outflows is proposed tobe met out of market borrowings. However,these borrowings would be capped by theability of Port Trusts to repay. It is estimatedthat about Rs. 2,174 cr. can be raised throughborrowings by Port Trusts. Where necessary,the feasibility of loans from one Port Trust toanother would also be explored.

Viability gap in financing of PPPs4.8 In taking a decision for development ofselected berths on PPP basis, the possibilitiesof securing upto 20% of the capital costs byway of capital grant under the scheme for


support to PPPs in infrastructure should bekept in view. This would help in expandingthe scope of PPPs in development of the portsector.

Government grants

4.9 In select cases, where the financialposition of any Major Port so warrants,Government support for capital dredgingprojects for deepening of port channels andconstruction of break waters has beenproposed. Budgetary support of around Rs.3,024 cr. has been projected for the EleventhFive Year Plan. However, given the limitationson budgetary support, shortfalls may have tobe met either by market borrowings or throughinter-Port loans on terms to be determined bythe Government.


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Non-Major Ports

5.1 The share of cargo traffic at Non-Majorports is likely to increase at an acceleratedpace as maritime States and Union Territoriesactively pursue the development of Non-MajorPorts in their jurisdiction. The requisiteinstitutional and policy framework has beenput in place by some of the States whereasothers are initiating work for the same.

5.2 The Maritime States DevelopmentCouncil (MSDC) was constituted in 1997under the chairmanship of the Minister ofShipping, with the Ministers in charge of Ports

State

in the Maritime States and UTs as members,with a view to ensuring integrateddevelopment of Major Ports and Non-MajorPorts. As per the details collected during thelatest MSDC meeting, the anticipated capacityin the Non-Major Ports as on 31.03.2007 is228 MMT. Maritime States have alsoidentified capacity addition projects andindicated their funding pattern. Based oninformation furnished by the States and UTs,the proposed capacity addition and associatedfunding pattern are given in the table below:

Andhra Pradesh 84 6,104 637 637 4,830Gujarat 56 9,736 9,241 495Maharashtra 85 5,993 5,993Tamil Nadu 29 1,925 1,925Kamataka 26 2,480 238 2,142 100Orissa 13 4,100 4,100

Goa 4 48 5 43Kera1a 28 3,080 527 438 2,115West Bengal 8 600 12 228 360Pondicherry 12 1,867 1,867Total 345 35,933 1,419 3,488 28,664 2,362

* Funding by means of equity, market borrowings, joint venture, etc.

Estimatedcost

(Rs. in cr.)



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Recommendations of the Task Force

I Major Ports

Traffic projections and capacityaddition

6.1 The projected traffic to be handled at theMajor Ports for container, POL and othercargos is 708 MMT for the year 2011-12. It isestimated that a capacity of 1,002 MMTwould be required at Major Ports for handlingthe projected traffic. The existing capacity is456 MMT and the traffic handled during theyear 2005-06 was 424 MMT. A capacityaddition of 546 MMT would, therefore, berequired during the period 2006-07 to 2011-12to handle the projected traffic.

Investment required6.2 The projected investment in Major Portsfor the period of 2006-07 to 2011-12 issummarised below:

Description Investment(In Rs. cr.)

1. Terminals

(a) Container terminals 1l,502(b) POL terminals 10,314(c) Other cargo terminals 1l,059Total (Terminals) 32,875

2. Capital dredging 5,8123. Equipment 3,6044. Connectivity Projects 2,9555. Others 12,207

Total 57,452


6.3 All concession/contracts would beawarded by the year 2011-12 though actualinvestment may spill over to 2013-14.

6.4 In addition to the investment in MajorPorts, the Maritime States have projected acapacity addition of 346 MMT with aninvestment of Rs. 35,933 cr. that would befinanced mainly through private capital. Intheir funding proposals, the States and UTshave projected inter alia a requirement ofabout Rs. 3,488 cr. from the CentralGovernment. Such assistance for Non-MajorPorts should be possible to the extent Statesconform to the provisions of the viability gapfunding scheme of Government of India.

6.5 The total investment on Major and Non-Major Ports would be Rs. 93,385 cr. (say Rs.90,000 cr.).

Modes of delivery

6.6 All new berths at Major Ports are to beconstructed through the PPP mode after June30, 2006. However, where operationalexigencies so necessitate and/or balance ofconsiderations on grounds of security,optimisation of port revenues and any otherrelevant concerns so warrant, development ofnew berths may be taken up by the MajorPorts through their own resources on a case bycase approach with prior approval of theMinistry of Shipping in consultation with thePlanning Commission. Port Trusts would alsofinance the investments required for upgradingtheir existing berths and for modernisation/


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replacement of equipments. The extantprocedures for appraisal and approval ofprojects would continue to apply.

6.7 The common user facilities like capitaldredging, reclamation, bund construction,berth area development, electrification, watersupply etc. would be taken up by the PortTrusts from their internal resources or throughborrowings. The feasibility of PPPs in theseareas would also be explored. In select cases,where the financial position of any Major Portso warrants, budgetary support for capitaldredging projects and construction ofbreakwaters may be considered. Wherebudgetary support is inadequate, marketborrowings may be relied upon and thepossibilities of inter-Port borrowings may alsobe explored.

Implementation & monitoring6.8 An action plan for implementation of thevarious projects would be formulated by anIMG (Inter Ministerial Group) chaired bySecretary, Shipping and with Department ofEconomic Affairs, Planning Commission,Ministry of Coal, Ministry of Petroleum &Natural Gas and the respective Port Trusts asmembers, by July '07 and submitted to Col.The IMG would also review progress ofimplementation every month during 2007 andevery quarter thereafter. The progress of theimplementation of the financing plan would bereported to the Committee on Infrastructureonce every quarter.



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Annexures


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Annex I

Estimated Traffic at Major Ports: 2011-12 (See Appendix-I for details) (InMMT)Coal

Chennai 12 5 20 21 58Cochin 18 15 5 38Ennore 4 14 21 8 47Haldia 12 6 16 4 7 45JNPT 4 59 2 66Kandla 51 4 6 25 87Kolkata 7 3 13Mormugao 33 6 0 5 45Mumbai 40 4 10 17 71New Mangalore 30 9 3 0 7 49Paradip 16 13 29 0 18 76Tuticorin 3 0 13 8 8 32Visakhapatnam 24 17 12 7 22 82Total 215 99 109 144 141 708



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Annex II

Capacity addition at Major Ports: 2007-12 (InMMT)Particulars

Existing Capacity 2005-06 11 8 12 18 49Chennai Capacity Addition 2007-12 11 12 24

Total Capacity 2011-12 12 8 23 29 72Existing Capacity 2005-06 11 3 5 19

Co chin Capacity Addition 2007-12 19 2 13 2 35Total Capacity 2011-12 30 2 16 8 55Existing Capacity 2005-06 13 13

Ennore Capacity Addition 2007-12 3 15 13 18 2 51Total Capacity 2011-12 3 15 26 18 2 64Existing Capacity 2005-06 4 4 5 13

Kolkata Capacity Addition 2007-12 3 2 3 8 3 19Total Capacity 2011-12 7 2 3 12 8 31Existing capacity 2005-06 17 4 7 3 11 42

Ha1dia Capacity addition 2007-12 2 4 10 6 21Total capacity 2011-12 17 6 11 13 17 63Existing capacity 2005-06 6 31 36

JNPT Capacity addition 2007-12 6 54 60Total capacity 2011-12 11 0 0 85 0 96Existing capacity 2005-06 34 12 46

Kand1a Capacity addition 2007-12 36 7 33 76Total capacity 2011-12 70 0 0 7 45 122Existing capacity 2005-06 2 21 7 30

Mormugao Capacity addition 2007-12 26 0 11 37Total capacity 2011-12 2 47 0.00 0 18 67Existing capacity 2005-06 32 4 8 44

Mumbai Capacity addition 2007-12 22 6 10 11 48Total capacity 2011-12 54 0 6 14 19 92Existing capacity 2005-06 21 8 10 38

New Mangalore Capacity addition 2007-12 11 4 5 4 23Total capacity 2011-12 32 11 5 4 10 61

Financing Plan for Ports. 15


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(Contd.)

(InMMT)Particulars

Existing capacity 2005-06 6 4 20 21 51Paradip Capaci ty addi lion 2007-12 15 10 10 3 18 55

Total capacity 2011-12 21 14 30 3 39 106Existing capacity 2005-06 2 6 5 7 21

Tuticorin Capaci ty addi lion 2007-12 17 19 8 43Total capacity 2011-12 2 0 23 24 15 64Existing capacity 2005-06 17 II 26 55

Visakhapatnam Capacity addition 2007-12 17 8 II 6 12 53Total capacity 2011-12 34 19 II 7 38 108Existing capacity 2005-06 162 56 46 62 130 456

Total Capacity addition 2007-12 132 66 69 161 118 546Total capacity 2011-12 294 122 115 224 247 1002



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Annex IlIA

Proposed investment on container terminals (Rs. in cr.)

Chennai II 50 202 245 0 0 0 4952 Cochin 13 0 400 850 868 0 0 2,1183 Ennore 18 0 0 300 300 400 0 1,000

4 Haldia 05 J.N.P.T. 49 900 20 722 1,083 1,493 135 4,3536 Kandla 7 180 125 142 0 0 0 447

7 Kolkata 08 Mormugao 0 0 0 185 0 0 0 185

9 Mumbai 10 0 245 491 491 0 0 1,228

10 New Mangalore 3 0 0 0 150 300 250 700II Paradip 3 0 0 10 90 180 250 530

12 Tuticorin 9 0 0 0 158 158 0 31613 Visakhapatnam 6 0 0 10 24 48 48 130

Grand Total 128 1,130 990 2,955 3,164 2,579 683 11,502



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Annex IIIB

Proposed investment on POL terminals (Rs. in cr.)

Chennai 0.00

2 Cochin 13 0 300 732 978 832 18 2,860

3 Ennore 3 0 100 100 300 700 900 2,100

4 Raldia- 0

5 J.N.P.T. 6 0 0 0 0 0 50 50

6 Kandla 26 750 25 25 140 279 279 1,498

7 Kolkata 0

8 Mormugao 0

9 Mumbai 22 0 20 52 83 71 90 316

10 New Mangalore 11 0 0 540 1,120 1,140 100 2,900

11 Paradip * 15 0 0 0 0 0 0 0

12 Tuticorin 013 Visakhapatnam 17 0 0 108 216 216 50 590

Grand Total 112 750 445 1,557 2,837 3,238 1,487 10,314

(*) Capacity addition through setting up ofSBM by Indian Oil Corporation to be commencedfrom March, 2007



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Annex IIIC

Proposed investment on other cargo terminals (Rs. in cr.)

Chennai 3 0 0 52 78 0 0 130

2 Cochin 10 5 70 130 118 60 38 420

3 Ennore 30 0 250 250 450 150 1,100 2,200

4 Haldia 7 23 73 142 15 0 0 253

5 J.N.P.T. 0

6 Kandla 36 10 297 475 313 134 764 1,992

7 Kolkata 16 0 0 50 200 550 580 1,380

8 Mormugao 24 0 20 140 145 0 210 515

9 Mumbai 17 0 122 155 207 189 35 708

10 New Mangalore 9 5 91 165 122 420 955 1,758

II Paradip 33 0 5 129 280 493 0 907

12 Tuticorin 25 5 21 58 40 20 20 16313 Visakhapatnam 15 4 57 185 230 141 17 633

Grand Total 224 52 1,005 1,930 2,197 2,156 3,718 11,059



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Annex HID

Development & financing of terminals

Year in whichto be added

CAPACITY ADDITIONEstimated Cost(In Rs. cr.)roject Nature of Cargo

Capacity(InMMT)

KOLKATADOCK SYSTEM

Construction of Coal, Iron 6.5 2009-10 (2.0); 330three Cargo Ore, Container, 2010-11 (2.0);handling riverine Genl. Cargo. 2011-12 (2.0).jetties at Diamond (Coal- 2.0,Harbour along with Iron Ore - 1.0,ancillary works Container -2.5,

Other cargo -0.5)2 Transloading of Dry Bulk Liq. Bulk Dry Bulk 3.0 2010-11 (1.00), 350

Cargo and installation of Container, 2011-12 (2.00).a Floating Terminal forContainer handling atSandheads/Konica Sands.

3 Construction of three Liq. Bulk Dry Bulk 6.0 6.00 700riverine jetties at Saugor Container. from 2011-12with back-up facilities

Sub-Total 15.5 1380

HALDIA DOCK SYSTEM

Construction of Coking Coal, 3.0 2.00 47Multipurpose berth Non-Coking (multipurpose)(No.2) inside the Coal, Iron Ore from 2008-09impounded dock I 46. onwards

2 Construction of Fertiliser & its 1(multipur 1.00from 2008-09 40Multipurpose berth (No. Raw materials, pose) onwards13) inside the Break Bulk,Dryimpounded dock I Bulk39.56

3 Construction of 1 riverine Dry Bulk 1.5 1.50 (POL) 47jetty downstream of 2nd POL& from 2009-10Oil Jetty I 47.11 Chemicals onwards

4 Construction of 1 riverine Coking Coal, 2.5 2.5 99jetty upstream of 3rd Oil Non Coking (Other cargo)Jetty I 99.46 Coal, Iron Ore, from 2009-10

OtherDB/BB onwards

5 Construction of two 20Holding Berths insidethe impounded dock I20.00

Sub-Total 7.0 253



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(Contd.)

SOURCE OF FINANCING (In Rs. cr.)

EBR and Others Expected date of Award/Date of Commencement of ProjectExpected date ofCompletion

17 o o 314 2008-09 2010-11

5 o o 345 2009-10 2010-11

35 o o 665 2009-10 2011-12

56 o o 1323

47 o o o Order placedin 2005-06

2007-08

40 o o o Order placedin2005-06

2007-08

o o o 47 2007-08 2009-10

o o o 99 2007-08 2009-10

20 o o o 2008-09 2009-10

107 o o 146



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Capacity(InMMT)

PARADIPConstruction of Deep Iron Ore 10.00 2010-11 505Draught Iron Ore Berthon BOT basis.

2 Construction of Deep Coal 10.0 2010-11 388Draught Coal berth onBOT basis

3 Extension of Wet 14Basin

4 Development of West em Container 2.5 2010-11 530Dock System includingprovision for container Other Cargo 12.5 2011-12handling.

5 Construction of POL 15.0 2006-07 0SPMbyIOC

Sub-Total 50.0 1437

VISAKHAPATNAMConstruction of multipur- Alumina IIpose berth in innerharbour -WQ.7 Berth

2 Strengthening of East Coal, Fetiliser 0.6 (2007-08 :- 0.6) 26Quay Berths EQ.5, EQ.6, and other bulkWQ.l &WQ.2 to cater to12.5 m. draft vessels

3 Strengthening of EQ7, Coal, Fetiliser and 0.5 (2009-10 :- 0.5) 20WQ3 berths to cater to other bulk12.5 mtrs draft vessels

4 Strengthening ofWQ4 Coal, Fetiliser and 1.0 (2009-10 :- 1.0) 8and WQ5 berths to cater other bulkto 12.5 mtrs draft vessels

5 Development ofWQ6 Multi Cargo 1.1 (2009-10 :- 1.1) 45berth in the InnerHarbour for Multi cargo

6 Installation of Alumina 1.5 (2009-10 :- 1.5) 30mechanized facilities atWQ7 berth for Aluminaexports



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(Contd.)

SOURCE OF FINANCING (In Rs. cr. )


o o o 505 March, 2008 March, 2011

o o o 388 March, 2008 March, 2011

14 o o o March, 2007 March, 2008

60 o o 470 April, 2009 March, 2012

o o o o May, 2006 March, 2007

74 o o 1363

II o o o Apr'07 Jan'08

26 May'07 Apr'08

20 May'08 Mar'09

8 Apr'09 Dec'09

45.00 Jan'08 Dec'09

30 Jan'08 Apr'09



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Capacity(InMMT)

VISAKHAPATNAM

7 Outer Harbour Iron ore & 4.1 (2010-11 : 4.1) 142Expansion Project Pellets(Berth upgradation andother infrastructurefacilities)

8 Development of SBM Crude oil 15.0 (2010-11 : 15.0) 540facili ty for crude oil(HPCL)

9 Construction of EQ 10 Caustic soda 1.1 (2009-10 : 1.1) 35berth in Inner harbour for and bio dieselCaustic soda

10 Construction of berth Alumina 2.0 (2010-11 :.2.0) 50WQ8 in the Innerharbour for Aluminaexport

11 Extension of container Containers 6.0 (2009-10: 2.0); 130terminal and (2011-12: 4.0)augmentation of capacityof existing terminal

12 Upgradation of GCB to Coking 40cater to 150,000 DWT coal &ships Steam coal

13 Development of East Fertilizers 3.0 (2011-12: 3.0) 207docks in the inner and coalharbour (2 berths andancillary facilities to caterto 14 m draft vessels)

14 Addl. Oil handling POL 2.0 (2011-12: 2.0) 50facilities for POL

15 Return and berth for 20.00floating craft

Sub-Total 37.5 1353



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EBR and Others Expected date ofAward/Date of Commencement of ProjectExpected date ofCompletion

142

540(HPCL)

35

50

130

40

32 175

50

20

Nov'08

Apr'08

Jan'08

Apr'08

Sep'09

Apr'08

Jan'09

Apr' I0

Apr' I0

Ocl'IO

Mar'IO

Jun'09

Mar'IO

Jun'Ll

Mar'09

Mar'lI

Mar'12

Mar'12

(Contd.)

378 435540



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Capacity(InMMT)

ENNORE

Marine Liquid POL 3.0 2008-09 200Terminal I

2 Marine Liquid POL 200Terminal II

3 Coal Terminal Coal 8.0 2009-10 350

4 TNEB Coal addl Coal 5.0 2009-10 200capacity

5 Iron Ore Terminal Iron Ore 15.0 2009-10 - 6 5002011-12 - 9

6 Container Terminal Container 18.0 2010-11 1300

7 LNG Terminal LNG 1700

8 General Cargo Other Cargo 2.2 2010-11 90

9 Mega Power plant Coal 2012-13 - 10 760Coal Terminal 2014-15 - 10

Sub-Total 51.2 5300

CHENNAISecond Container Container 11.0 2009-10 495Terminal

2 New Berth 200 m long in Liquid Bulk 1.0 2009-10 40Bharathi Dock Oil Jettiesfor smaller vessels

3 Construction of new jetty Geneal cargo 1.0 2009-10 50at North groyne

4 Construction of Geneal cargo 1.0 2010-11 40addit ional berth atSouthemend

Sub-Total 14.00 625



29/64

EBR and Others

SOURCE OF FINANCING (In Rs. cr.)Expected date ofAward/

Date of Commencement of ProjectExpected date ofCompletion

2

(Contd.)

200 Jun-06 Jun-08

200 Jan-l1 Jan-13

350 Jun-07 Dec-09

200 Apr-2010 Apr-2011

500 Jun-07 Dec-09

1300 Mar-08 Ocl-2010

1700 Jul-09 Jan-2012

90 Ocl-08 Ocl-2010

760 * *

5300

493

40

50

40

132 o o 493

15.2.07

1.04.08

1.7.2008

1.10.08

1.01.09

31.3.2010

31.12.09

31.8.2010



30/64




Capacity(InMMT)

TUTICORIN

Constn of Coal Coal-NCB-I 7.5 2008 80Berth at NBW for Copper 1.5NLC-TNEB - ConcentiR 2010NCB-I NCB- II

2 Constn of Berth- 9 Misc. Cargo 0.5 Mar, 2008 45

3 Constn. of shallow Misc. Cargo 0.8 2009 30draught Berth(3 Nos)

4 Structural upgradation Coal 4.4 2008 8of Coal Jetty II

5 Development of Outer All 19.2 2011 316Harbour (Construction of6 Berths 2 main lines & 4feeder berths andproviding containerhandlingequipment(BOT)

Sub-Total 33.8 479

COCHINReplacement of Coal &Misc. 1.5 2008-09 60Mattancherry wharf Ph-I

2 Cruise Terminal 150

3 Reconstruction of STB POL 30

4 Reconstruction ofNTB POL 30

5 Liquid Cargo Jetty POL 2.0 2010-11 30

6 Reconstruction of NCB Bulk cargo 0.4 2008-09 30

7 Reconstruct of Coal &Misc. 1.0 2010-11 55MattancherryWharf-Ph-II

8 Bunkering Terminal POL 6.0 2008-09 95Ph-l Rs.1.5 Crores



31/64

(Contd.)


EBR and Others Expected date ofAwardlDate of Commencement of ProjectExpected date ofCompletion

80 June, 2007 Nov.'2008Dec.'2008 March'2010

45 12/2/2006 311/2008

o 30 2009 2010

7.95 May, 007 Jan., 2008

316 2008 2011

133 o o 346

60 Mar.'07 Nov.'09

10 140 2007-08 2009-10

30 2008-09 2009-10

30 2010-11 2011-12

30 June' I 0 Dec.'11

30 June'08 Dec.'09

55 June'09 March'Ll

26 69 2007-08 2011-12



32/64


CAPACITY ADDITIONProject Nature of Cargo Capacity(InMMT) Year in whichto be added

Estimated Cost(In Rs. cr.)

COCHIN

9 International Container Container 12.5 2009-10 2118Transshipment Terminal(BOT) / Rs. 2118 Cr.

10 LNG Re-gassification POL 5.0 2050Terminal (BOT) / Rs.2050 Cr.

11 Crude Oil for KRL POL 6.0 2007-08 720(BOT)/Rs. 720 Cr.

12 Strengthening of GC 1.0 2008-09 30Q5 to Q7

Sub-Total 35.40 5398.00

NEW MANGALORE

Development of LNG LNG 2.5 2011 2600Terminal

2 Development of Coal Coal 3.0 2010 230Handling Facilities forcaptive user.(NPCL- Western Arm)

3 POL berth at Oil POL 3.0 2010 50Dock Arm

4 Bulk handling berth at Iron Ore/Coal 3.0 2010 50Western Dock Arm(Iron ore and Coal)

5 Setting up of Iron Ore 2.0 2009 103Mechanized Iron Orehandling facilitiesunder BOT at berth 14

6 Container Terminal Containers 3.0 2012 700for transshipmentatN.M.P.

7 Outer harbour for POL 2012 1325development ofAddl. Port Facilities



33/64

EBR and Others

SOURCE OF FINANCING (In Rs. cr.)Expected date of Awardl


2118

2050

3/3112009 3/3112037

June'IO

30

720 June'07

186.00 0.00 0.00 5212.00

2600

2007-08 2008-09

(Contd.)

230

50

50

30 0

10 3

70 0

1025

2008

2007

2008

2008

2007

2010

2010

2011

2010

2010

2010

2009

2012

2012



34/64




NEW MANGALORE

8 SBMforPOL POL 5.0 2012 250

9 Multi-purpose General Containers 1.0 2012 50Cargo berth

Sub-Total 22.5 5358

MORMUGAO

Construction of Iron ore 2.50 2007-08 20.00three nos. additionalmooring dolphins

2 Development of Iron ore, coal and 3.0 2008-09 140berth No.7 other cargo

3 Construction of Container and 0.2 2009-10 185cruise-cum-Container cruise vesselsberth at Baina

4 Modification of Iron ore 3.0 2009-10 25existing POLberth for handlingIron ore

5 Modification of Iron ore 5.0 2011-12 90existing General Cargoberth to handle Iron ore

6 Construction of two Other cargo 5.4 2009-10 120berths at Vasco Bay

7 Construction of two Other cargo 5.0 2011-12 120additional berths atVasco bay

Sub-Total 24.06 700.00



35/64

(Contd.)


EBR and Others Expected date of AwardlDate of Commencement of ProjectExpected date ofCompletion

250 2010 2012

50 2010 2012

450 0.00 0.00 4908.00

20.00 April'07 IAug'08 Aug'08

140 Aug.'07 IApril'09 Aug.'09

185 Aug.'07 IAug' I 0 Aug.' I 0

25 Sepl.'08/Mar' I 0 Mar.,2010

90 Mar.'II/ApriI'12 April' I 2

120 Ocl'07/June' I 0 June' 10

120 Ocl'09/June' I 2 June'12

135.00 0.00 0.00 565.00



36/64




Capacity(InMMT)

MUMBAI

Construction of two off- Container 9.6 2010 1228shore container terminal.Development of twocontainer berths of totalquay length of 700 mtrs.and related upgradation forhandling vessels of 6000TEUs capacity. Capacity(0.8 MTEUs)

2 Redevelopment of 18 to 21 Other Misc. cargo 7.0 2009 353ID, Harbour Wall Berths.Upgradation of the fourberths to three berths tohandle larger & deep draftedgeneral cargo vessels.

3 Construction of 2nd berth for Liquid Chemicals 2.0 2009 116handling chemicals/special ised grade of POLoff Pir Pau Pier .

4 New cruise terminal near 152Gateway of India.

5 5th Oil berth at Jawahar POL 17.8 2010 150Dweep - modem oil berth tohandle larger oil tankers.

6 Captive coal berth at Pir Pau Coal 5.5 3.00 - 2007-08 58Ph I - 3.0 2.50- 2010-11Ph II 2.5

7 Development of coastal Other cargo 1. 3 2009 50shipping.

8 Development and operation Other cargo 0.5 2008 35of Dry bulk terminal 16/17ID on BOT Basis

9 Development and operation Other cargo 2.5 2009 60of 3 conventional cargoterminal at Indira Dock.

10 Modernisation of JD 4 berth. POL 2.00 2012 50.00

Sub-Total: 48.2 2252



37/64


EBR and Others

366

Expected date ofAward/Date of Commencement of Project

Expected date ofCompletion

862

353

116

82 70

150

o 58

50

o

o

35

60

50

1168 o o 1084

May-07

Feb-08

Ocl-07

Jun-09

Jun-09

20.09.2005

25.09.2006

Jul-07

Dec.2008

2011

May-IO

Aug-09

May-09

Jun-II

Dec-IO

Mar-07

22.05.2008

Jan. 2008

Feb.2009

Mar-I 2

(Contd.)



38/64




Capacity(InMMT)

J.N.P.T.

Extension of container Container 7.2 2010 453berth by 330 m and otherfacilitiesa) Stand alone basis 2009-10b) Innovative proposal 2008-09under Guidelines ofMinistry

2 Re-development of Bulk Container 15.6 2006-07 900terminal intoContainer terminal - 3rdTerminal

3 Construction of Fourth Container 26.4 2011-12 3000terminalPhase I developments

4 Construction of Marine Liquid cargo 5.5 2011-12 50chemical jetty. 01 berth

Sub-Total 54.7 4403

KANDLA

Construction of 12th Container 7.2 1st Phase 447Cargo Berth Feb. 07including Back-up area & 2nd Phasesetting up of state-of-art March 09Container Terminalthrough BOT at 11th&12th CargoBerth with back up areaof 40 hectares

2 Setting up of marine Crude and 12.0 Dec'2006 750terminal byMls. VOTL atVadinar for Mis. POLEssar Oil Ltd.

3 Modification of Bunder Dry Cargo 0.3 March 2007 10Basin for barge handling

4 Additional facilities for N/A N/A 2008-09 50handling crude oil atVadinar

5 Construction of 13th to Dry cargo other 8.0 July 2009 44316th Cargo Berth than containeron BOT Basis including & liquidmechanization.



39/64

EBR and Others

SOURCE OF FINANCING (In Rs. cr.)Expected date ofAward/


453

Apr-08May-07

900

3000

50

50 o o

116 o o

10 o o

50 o o

o o o

Dec.08

Nov-IO

Jun-09Jul-08

Oct.06

Dec-II

Mar-I 2

(Contd.)

4353

331

750

o

o

443

23-06-2006

June' 1998

October 2004

January 1997

July'2007

1st Ph - Feb 072nd Ph - March 09

Dec, 2006

Mar-07

March, 2009

July'2009



40/64




KANDLA

6 Creation of Berthing and Dry Cargo, Coal, 20.0 1st Ph -2009-10 1200allied facilities off Tekra Fertilizer andnear Tuna (outside Crude /product 2nd Ph -2011-12Kandla Creek)

7 Setting up of Off- shore Crude 12.0 March 2012 698Liquid Terminal

8 Strengthening of Berth Dry Cargo 5.2 1st berth-2008-09 99No.1 to 6 (additional 2nd berth-2009-1 0capacity of 0.70 3rd berth-2010-11MMTper 4,5, 6th berth -

2011-12Berth will be generatedafter strengthening)

9 Multipurpose berth at Dry Cargo 4.8 March 2010 240Vadinar

Sub-Total 69.5 3937

GRAND TOTAL: 463.8 32875



41/64

(Contd.)



0 0 0 1200 June 2007 Phase I - June, 2009Ph II-December,

2014

0 0 0 698 April 2009 March, 2012

99 0.00 0.00 0.00 February 2008 March, 2013

240 0.00 0.00 o June 2008 March 2010

515 0.00 0.00 3422

3383 0.00 540.00 28951



42/64

Annex IVA

Proposed investment on terminal projects (Sum of Annex-III A to III C) (Rs. in cr.)Port Total investment

Chennai 14 50 202 296 77 0 0 625

Cochin 35 5 795 1,748 1,770 960 120 5,398

Ennore 51 0 300 700 1,100 1,300 1,900 5,300

Haldia 7 23 73 142 15 0 0 253

J.N.P.T. 55 700 100 922 1,200 700 781 4,403

Kandla 70 852 498 510 671 415 992 3,937

Kolkata 16 0 0 50 200 550 580 1,380

Mormugao 24 0 0 150 255 85 210 700

Mumbai 48 0 387 698 753 258 155 2,252

NMPT 23 15 81 1,553 1,300 1,454 955 5,358

Paradip 50 0 51 100 360 610 316 1,437

Tuticorin 34 10 42 100 191 90 45 479Vizag 38 0 54 250 391 367 291 1,353

Grand Total 464 1,655 2,583 7,219 8,283 6,789 6,345 32,875



43/64

Annex IVB

Proposed investment on dredging of channels (Rs. in cr.)

Port

Chennai 17 17 7 49 81 12 1422 Cochin 12 15 100 250 100 4503 Ennore 14 17 04 Raldia 0 0 281 106 35 0 4215 J.N.P.T. 13 14 35 300 400 65 8006 Kandla Ph.I-1312 Ph.II-14 16 21 35 66 48 1867 Kolkata 9 (Avg) 9 08 Mormugao 13 14 2 161 1619 Mumbai 10 15 30 53 97 75 23 27810 New Mangalore 14 17 80 190 120 39011 Paradip 13 16 127 127 25312 Tuticorin 11 15 221 221 442

OR - 17 OR - 18 * 21 21 43IH-Stage 1-11 0 22 22

13 Visakhapatnam IH - 10 IH-Stage 2-13 10 35 45IH -Stage 3 * 30.00 60 60 150- 14

Total 11 83 1044 1477 607 429 143 3,783

(*) Capacity shown in respective berth development plans.(#) Project relates to development of Vasco Bay (includes dredging component ofRs. 65 cr.)



44/64

Annex rvcProposed investment on other capital dredging @ (Rs. in cr.)

Port Total investment

Cochin 0 15 35 0 35 0 85

2 Ennore 0 89 150 170 140 200 749

3 J.N.P.T. 0 25 25 0 0 0 50

4 New Mangalore 0 0 0 0 0 18 18

5 Paradip 0 16 24 0 0 90 130

6 Tuticorin 0 0 300 398 300 0 998

Grand Total

145 534 568 475 308 2,029

@ These projects would create an additional capacity of 5MMT



45/64

Annex IVD

Proposed investment on equipment (Rs. in cr.)Port Total investment

Chennai 0 0 0 38 38 0 0 75

Co chin 0 0 64 68 32 30 5 199

Ennore 0 0 0 0 0 0 0 0

Haldia 12 II 75 25 40 194 106 450

J.N.P.T. 5 33 20 128 122 150 105 557

Kandla 5 12 59 85 62 74 0 291

Kolkata 2 10 24 12 100 138 24 308

Mormugao II 15 26 45 0 32 140 258

Mumbai 0 6 21 35 0 0 0 62

New Mangalore 0 0 20 20 10 10 20 80

Paradip 0 0 43 25 19 12 15 115

Tuticorin 9 30 79 88 24 106 134 461Visakhapatnam 13 10 65 300 261 81 31 748

Total 58 127 496 869 707 826 579 3,604



46/64

Annex IVE

Proposed investment on connectivity & other projects @ (Rs. in cr.)Port Total investment

Chennai 3 0 236 503 507 0 0 1,246

Cochin 0 124 183 317 431 369 280 1,704

Ennore 0 12 268 84 57 25 137 582

Haldia 2 10 22 54 25 57 51 220

J.N.P.T. 0 I I I 79 257 540 668 1,439 3,093

Kandla 2 29 101 200 246 171 0 747

Kolkata 5 15 90 250 335 605 1,301

Mormugao 0 0 25 30 0 0 0 55

Mumbai 0 20 58 88 50 0 0 217

New Mangalore 0 0 15 25 25 50 0 115

Paradip 0 20 42 73 150 228 154 666

Tuticorin 0 10 43 15 500 1471 2516 4555Visakhapatnam 0 2 47 96 122 135 259 661

Total 8 343 1,133 1,832 2,902 3,510 5,441 15,162

@ Includes a range ofprojects such as infrastructure within ports (roads, navigational aids, warehousing, stockyards, security works, etc.),ship/container repair facilities, locomotives, breakwaters, marinas, shipbuilding facilities, etc.



47/64

Annex IVF

Summary of proposed investment in Major Ports (Sum of Annex-IVA to lYE) (Rs. in cr.)Port Total investment

Chennai 24 50 488 917 634 0 0 2,088

Co chin 35 129 1,157 2,418 2,333 1,394 405 7,836

Ennore 51 12 656 934 1,327 1,465 2,237 6,630

Haldia 21 44 170 501 186 286 157 1,344

J.N.P.T. 60 879 524 1,732 1,926 1,517 2,324 8,903

Kandla 76 909 679 830 1,044 707 992 5,162

Kolkata 19 15 40 152 550 1,023 1,209 2,988

Mormugao 37 15 212 225 255 117 350 1,174

Mumbai 48 26 496 874 900 334 178 2,808

New Mangalore 23 15 116 1,598 1,415 1,704 1,113 5,961

Paradip 55 20 278 348 529 850 575 2,601

Tuticorin 43 50 385 724 1,113 1,968 2,695 6,934Visakhapatnam 53 44 201 676 855 665 581 3,021

Total 546 2,207 5,401 11,931 13,067 12,030 12,817 57,452



48/64

Annex V

Cash balances of Port Trusts @

Port Openingbalance on1.4.06

(Rs. in cr.)

I. Chennai 471 599 628 312 179 317

2. Cochin 33 29 0 0 0 0

3. Ennore 57 24 0 0 9 14

4. JNPT 642 675 497 0 0 0

5. Kandla 1,377 1,455 1,426 1,193 1,074 1,193

6. Kolkata 81 14 0 0 0 9

7. Morrnugao 87 103 90 74 89 119

8. Mumbai 3,793 3,985 3,999 3,762 3,498 3,483

9. New Mangalore 386 468 513 528 519 405

10 Paradip 318 332 297 60 34 23

11. Tuticorin 191 177 187 85 120 215

12. Vishakpatnam 403 467 489 352 81 0Total 7,839 8,328 8,126 6,366 5,603 5,778

@ The opening balances projected after 1.4.2006 indicate the cash balances after meeting the capital expenditure of the preceding year asper the Financing Plan. The projection for 1.4. 2008 onwards are based on the assumption stated on the fol lowing page.Assumptions adopted for projection of cash balancesof Port TrustsIn projecting the cash balances of Port Trusts froml.4.2008 onwards, the following assumptions have beenadopted:1. The projected traffic has been divided into Port

traffic and BOT Operators' traffic.2. The revenue has been considered as per 2005-

06 scale of rates.For the existing BOT operated terminals, theexisting Royalty Rate/Revenue Share has beenconsidered based on projected traffic/MGT.For the new BOT generated cargo/projects, 20%of the Gross Revenue at Port Scale of rates hasbeen considered as revenue share/royalty.For the expenditure projection existingOperating Ratio (2005-06) has been considered.

3 .

4.

5 .


6. All capital expenditure has been taken intoaccount.The statement has been prepared on constantprices. Inflation has not been taken intoaccount while making projections for revenueand expenditure.The interest income under non-operating incomehas been increased by 5% over the previousyear considering the increase in investiblefunds.The pension contribution has also beenincreased by 5% over the previous yearconsidering the increase in number of retiredemployees and revision of pension.

10. An increase of 10% has been considered for

7.

8.

9.

depreciation compared to previous yearconsidering the increase of assets.


49/64

Appendix I

ANALYSIS OF TRAFFIC PROJECTIONS FOR 2013-14

I. Analysis of traffic trendThe overall Compound Annual Rate ofGrowth (CARG) of traffic at the Major Portsbetween 1950-51 and 2005-06 has been 5.70percent, whereas during the post-liberalization period i.e. during 1990-91 to2005-06, CARG was 7.03 percent. If CARGof traffic at the Major Ports is taken intoconsideration for the recent years, it has been10.81 percent during the last 3 years.

Growth rates during different periodsPeriod CARG* (%)

1950-51 to 2005-06 5.70

1990-91 to 2005-06 7.03

2003-04 to 2005-06 10.81

The CARG of traffic at the Major Ports duringdifferent time spans as shown in the tableabove is presented in the graph below:

Traffic Projection: 2013-14An attempt has been made to make trafficprojections for the Port sector, which includesMajor and Non-Major Ports. In addition tothe feedback received from the Major Ports,the inputs received from different UserMinistries have been considered. A number ofpolicy papers and documents have also beenreferred to, some of which are as under:1. The Tenth Plan document, Planning

Commission2. TCS Study on Coastal Shipping3. Report on Working Group on Power,

Planning Commission4. Plan documents of Central Electric

Authority5. Paper presented in Indo-China Mineral

Summit by FIMI6. CII-McKinsey Report titled as "Made in

India"7. ESCAP Study on Containerization

prospects in India

10.33

Compound Annual Rate of Growth during different time spans

- 1n ,1.>: ~.~~

5.7

1210

Percent 8642o

1950- 51 to 2005-0656 Yea rs

1 99 0- 91 t o 2 00 5- 06Pos t L i be ra l ized

Er a

2 00 3- 04 t o 2 00 5- 06L a st 3 Y e a rs

2005-2006L a s t Y e a r

Period



50/64

8. Fertilizers statistics, Fertilizer Associationof India

9. National Steel Policy, 200510. Coal Vision, 2025, Ministry of Coal11. Iron Ore market 2004-2006, UNCTAD12. National Energy Policy, 200513. Papers on Petroleum Scenario, Ministry

of Petroleum14. Various papers prepared by SAIL

Detailed commodity-wise analysis with thereasoning of the traffic projections for 20 l3-14 is as follows:

1. Petroleum crude, products & LNG(i) Petroleum Crude & Products(a) Ministry of Petroleum and Natural Gas

has estimated a refining capacity of148.968 MMT at the beginning of XIth15. Various issues of Iron and Steel Review Plan Period. The details of refining

16. Working Group Report on Port Sector, capacity under Public and Private SectorMinistry of Shipping refineries are given as under:

Refining Capacity at beginning of 11th Plan (as on 1.4.2007)S. No. Refinery In MMT

Pu blic SectorIndian Oil Corporation Limited, DigboiIndian Oil Corporation Limited, GuwahtiIndian Oil Corporation Limited, KoyaliIndian Oil Corporation Limited, BarauniIndian Oil Corporation Limited, HaldiaIndian Oil Corporation Limited, MathuraIndian Oil Corporation Limited, PanipatHindustan Petroleum Corporation Limited, MumbaiHindustan Petroleum Corporation Limited, VisakhBharat Petroleum Corporation Limited, MumbaiKochi Refineries Limited, KochiChennai Petroleum Corporation Limited, chennaiChennai Petroleum Corporation Limited, NagapatinamBongaigaon Refinery & Petrochemicals Limited, BongaigaonNumaligarh Refinery Limited, NumaligarhOil & Natural Gas Corporation Limited, TatipakaMangalore Refinery & Petrochemical Limited, MangaloreTotal: Public Sector

2345678910II121314151617

Private Sector1819

Reliance Petroleum Limited, JamnagarEssar Oil Limited, JamnagarTotal: Private SectorGrand Total

14668126812810

23

1010 9

33II4415 3

The capacity addition during the 11th Plan period is estimated at the level of 85.99 MMT and during Xllth Plan period at 67.24 MMTThe det ail s ar e pr esent ed as under :



51/64

Capacity addition during 11th Plan (2007-08 to 2011-12)S. NO. Refinery In MMT

Public SectorIndian Oil Corporation Limited, HaldiaIndian Oil Corporation Limited, PanipatIndian Oil Corporation Limited, ParadipHindustan Petroleum Corporation Limited, MumbaiHindustan Petroleum Corporation Limited, VisakhHindustan Petroleum Corporation Limited, BhatindaBharat Petroleum Corporation Limited, BinaChennai Petroleum Corporation Limited, chennaiKochi Refineries Limited, KochiMangalore Refinery & Petrochemical Limited, MangaloreOil & Natural Gas Corporation Ltd. Tatipaka

Total: Public Sector

234

5678910II

Private Sector1213

Reliance Petroleum Limited, Jamnagar (New)Essar Oil Limited, JamnagarTotal Private SectorGrand Total

Capacity addition in 12th Plan (2012-13 to 2017-18)

3152796225

53

29

332

85

S. No. Refinery In MMT

Indian Oil Corporation Limited, Koyali 42 Indian Oil Corporation Limited, Mathura 33 Indian Oil Corporation Limited, Paradip 64 Mangalore Refinery & Petrochemical Limited, Mangalore 155 Mangalore Refinery & Petrochemical Limited, Kakinada 76 Mangalore Refinery & Petrochemical Limited, Rajasthan 87 Essar Oil Limited, Jamnagar 188 Nagarjuna Oil Company Ltd., Cuddalore 6

Total 67



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As may be seen, the total crude requirement forthe existing and the proposed refineries will beat the level of 235 MMT by the end of XIthPlan. The estimate of likely POL traffic in2011-12 was hiked by 15% over and above theestimates made by the Sub-group on refiningfor the XIth Plan in order to account forunexpected growth as well as redundancy sothat there is no loss owing to increase indemand or slippage in execution of portfacilities.

Ministry of Petroleum and Natural Gas hasrecommended the crude handling requirementsat ports at around 270 MMT (i.e. 15% higherthan estimated 235 MMT) by 2011-12. Sincethe projections of 20l3-l4 were found difficultto make, the crude requirement based onavailable information has been estimated by theStudy Team at the level of around 273 MT.

The consumption of Petroleum products during2003-04 and 2002-03 was 107.71 MMT and104.12 MMT respectively. According to theXth Plan document, the demand for POL(products) by the end of the Xth Plan isprojected as 120.4 MMT (CARG 3.7%).Keeping in mind the anticipated surge in themanufacturing sector, a growth rate of 5% isconsidered likely beyond the Xth Plan.Accordingly, the estimated product requirementby 20l3-l4 is likely to touch 169 MMT.

EIAReferenceCase

India HydroCarbon Vision-

2025

2014-15 157 171

However, based on the information receivedabout the movement of petroleum products atthe ports, the product traffic is estimated at thelevel of around 163 MMT during the sameperiod. In order to establish this, the demandprojections for petroleum products given in thereport of the Integrated Energy PolicyCommittee for the year 2014-15 are given intable below:(c) If the average of the above projections aretaken into consideration, it comes to 181 MMTduring 2014-15. Hence, the projections of 163MMT of POL products during 2013-14, whichincludes imports, exports and coastalmovements also has been assumed, as thisseems to be reasonable and also in line withthe projections made by different agencies andincorporated in the Integrated Energy PolicyCommittee Report.

(d) On the other hand, Ministry of Petroleumand Natural Gas has estimated Petroleumproduct traffic at the level of 150 MMT by2011-12 itself, which includes 115 MMT ofimport & export and 35 MMT of coastalmovement.

(ii) LNGNatural gas is the World's third largest sourceof primary energy following coal and oil. LNGis presently used in our country for powerorkingGroup XthPlan Power &EnergyDivision226 193 164 174

EIA- Energy Information Administrat ion, lEA-International Energy Association



53/64

generation and fertilizer production in a modestway. GAIL Ltd. with a network of 4400 kmgas pipeline across India holds a monopoly ingas transmission. The existing gas supply fromall the sources is 82 mmscmd, while thedemand is more than 120 mmscmd. In order tobridge the gap, India is currently consideringthe setting up of several LNG projectsincluding LNG terminals along the coast line.LNG Terminals are proposed to come up atJamnagar, Dahej, Hajira, Pipavav, Dabhol, NewMangalore, Kakinada, Kochi, Ennore,Gopalpur, etc. Already one 2.5 MMT capacityLNG Terminal exists at Dahej. Shell has alsoset up a 2.5 MMT capacity LNG terminal atHazira. Indian Oil in joint venture with BritishPetroleum and Petronas of Malaysia areproposing to set up 2.5 MMT capacity terminalat Kakinada Deep Water Port. Taking thesedevelopments into consideration, an estimate of30.0 MMT of LNG is considered as trafficforecast for 20 l3 -14.

(e) The total crude, product & LNG trafficprojected is as follows for the year 20l3-l4:

(inMMT)Commodity Traffic

Crude 273Product 163LNG 30Total 466

2. Iron ore and pelletsAt present, the in-situ reserves of relatively rich

iron ore in India is 11.43 billion tonnes ofHaematite and 10.68 billion tonnes ofMagnesite ore. The present commercial miningcapacity for iron ore is only 175 MMT.(Source: National Steel Policy, 2005).Iron ore Production during 2004-05 was 145MMT, of which 54 MMT was domesticallyconsumed and 78 MMT was exported (NationalSteel Policy, 2005).The share of India's export to China out of thetotal iron ore exports from the country hasincreased from 30.4% (1999-2000) to 58%(2004-05). China imported about 208 MMTduring calendar year 2004, an increase of 40%from 148 MMT during 2003 and India's sharewas 45 MMT. This constitutes about 22% oftotal import of Indian iron ore by China.

According to UNCTAD study titled "Iron OreMarket 2004-06", the estimated total import ofiron ore by China will be of the order of 350MMT by 2009. Assuming that the existingshare of Indian Iron ore to the Chinese marketwill continue (i.e., 20%), the export of Indianiron ore to China will be about 70 MMT, whichis likely to remain the same upto 20l3-l4.

In addition to China, about 10 MMT of orewas exported to Japan and 23 MMT of ore wasexported to Korea and other countries during2004-05. There are no firm indications ofincrease in imports of Indian iron ore by Japanand Korea. Therefore, the exports to Japan andother countries have been taken to remainalmost the same level of 33 MMT per annum.Steel production in India is estimated to be ofthe order of 72 MMT by 20l3-l4. This will



54/64

require about 108 MMT of iron ore by the steelindustries. (1.5 tonnes of iron ore required forper tonne of steel).

Presently, about 13% of iron ore required byIndian steel industry relies on coastal shipping.Assuming that the 13% share of shippingcontinues, the volume of iron ore moved alongthe coast will be around 28 MMT (14 MMTloading and 14 MMT unloading).

The pellet movement will be around 9 MMTon account of palletisation plants .Hence, total overseas and coastal movement ofiron ore and pellet traffic through Indian portsduring 2013-14 will be of the following order:

(inMMT)Country Iron ore exports

China 7 0

Japan & Others countries 33

Coastal Movement 28

Pelletisation Plants 9

Total 14 0

3. Non-coking coalThe total installed power generation capacityreached 1,32,329 mega watt (MW) as on the31st March, 2007 of which 71,128 MW is coal-based. Electricity generation has becomeincreasingly dependent on thermal generationas hydro and nuclear generation has not keptpace with the Plans due to various reasons. Thethermal power sector presently accounts forabout 65% of the total installed capacity in the


country and in the year 2006-07 over 80% ofthe country's total electricity generation hasbeen obtained from thermal stations. Thereliance on thermal generation is expected tocontinue.

A shortfall in domestic availability of non-coking coal for power plants has been recentlyfaced requiring import of non-coking coal bypower plants. According to the CentralElectricity Authority (CEA), about 20 MMTnon-coking coal would have to be imported bythe power plants during 2006-07.As per the 5th National Power Plan (2002-2012) prepared by CEA a need based installedcapacity of the order of 2,12,000 MW isrequired by the end of the XIth Plan based onthe demand projections of the 16th ElectricPower Survey. The primary resources forelectric power generation are water, fossil fuel(coal, lignite, oil and natural gas) and nuclearenergy. These would continue to serve asmajor sources of power generation in the longrun, though various forms of renewable sourcesviz. wind, bio-mass, tides, etc. will contributeto meet the demand.

CEA recently gave a presentation at ParadipPort regarding development of future coalbased power plants in India for which emphasisis being laid on coastal areas for variousadvantages. According to CEA, additional coalbased power generation capacity to the tune of40,000 MW is going to be added during the11th Plan, of which 10,000 MW would be inthe coastal areas. If this is so, the total coalbased power generation capacity of our countryis likely to touch 1,20,000 MW. Normally for


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producing 1000 MW of power, about 4.1 MMTof non-coking (thermal) coal is required. Onthis basis, about 492 MMT of coal will berequired to generate about 1,20,000 MW ofcoal based power.

The Ministry of Coal published "Vision Coal2025" in March, 2005 which projects coaldemand by various sectors assuming GDPgrowth of 8% p.a. Relevant details are given intable below :

Assuming 90% materialization, the requirementof coal for power plants by 2013-14 is likely tobe 443 MMT.

As per the 10th Plan document, the estimatedcoal production by the end of 2006-07 is goingto be 405 MMT (including 30 MMT of cokingcoal). Assuming a CAGR of 4.46% over 375MMT of coal (other than coking coal), theestimated production of coal by 2013-14 willbe 510 MMT.

Assuming 75% of domestic production willcontinue to be supplied to power utilities, thesupply of domestic coal to power utilities by2013-14 will be about 383 MMT. This willlead to a shortfall of about 58 MMT of coal forpower plants, which has to be imported.

Year Power utility Captive Power

2011-12 427 44

2013-14 473 512016-17 553 63

(Note: The coking coal requirement of steel plants not considered)

Presently 5% of overall coal production (otherthan coking coal) moves coastally. However asnew power plants to come up in coastal areasand the existing coastal power plants rely moreon imported coal, the coastal movement ofdomestic coal is likely to come down in future.Hence domestic movement of coal by coastalroute in future has been assumed to be around3% of overall coal production. Accordingly,coastal movement of coal will be of the orderof 15 to 17 MMT. Therefore, movement of 34MMT of coal through the ports has beenassumed.

The Steel Policy envisages that about 26 MMTof non coking coal would be required forproducing 110 MMT of steel during 2019-20.This constitutes 0.24 tonnes of non-coking coalfor each tonne of steel. On this basis, about 18MMT of non coking coal would be required forproducing 72 MMT of steel during 2013-14.The Ministry of Coal has indicated that twoultra mega thermal power projects are plannedduring 11th Plan period with thermal coalintake of 12 MMT per annum for each plant.Therefore, an additional requirement of 24MMT of thermal coal is projected p.a.The total non coking coal traffic for 2013-14 isprojected as follows on the basis of the analysisabove.

(InMMT)

Cement Others Total

39 65 57547 91 66 262 82 76 0



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(inMMT)Product Non-coking coal

required (in MMT)Power / Cement Plants 8 2Steel Plants 18Coastal Movements 34Total 134

4. Coking coalThe National Steel Policy 2005 envisages thetargets given in table below for Production ,Imports, Exports and Consumption of steel by2019-20.

Assuming a CAGR of 7.3%, steel productionduring 2013-14 is estimated at about 72 MMT.

Coking coal is primarily utilized by steelindustries which require about 0.8 tonnes ofcoking coal for producing one tone of steel.Hence for producing about 72 MMT tonnessteel by 2013-14, the steel industries willrequire about 58 MMT of coking coal.

As per National Steel Policy, 85% of totalcoking coal requirement would be met throughimports. Hence, to meet overall requirements of58 MMT of coking coal by 2013-14 about 49MMT of coking coal would have to be imported

Production

for the steel plants. Keeping in view the actualtraffic handled at ports (which was not morethan 20-23 MMT over the last 5 years) and theestimates provided by the National Steel Policy,around 46 MMT of coking coal traffic has beenprojected by 2013-14.

5. Other misc. cargoIn addition to traffic in the broad categories ofcargo mentioned above, projected traffic indifferent minor commodity groups, is around198 MMT. These commodities include steelproducts (17 MMT), fertilizers and fertilizer rawmaterials (20 MMT), foodgrains (10 MMT),chemicals & other liquids (50 MMT), alumina(6MMT), other general and break bulk cargo(95 MMT), etc. Brief details are given below:

(i) Steel productsAccording to the National Steel Policy 2005, theconsumption of steel in India is going to growby about 6.9% per annum. On this basis, theconsumption of steel in the country will beabout 65 MMT per annum by 2013-14. Theimport of steel, on the basis of CAGR of 7.1%as indicated in the National Steel policy, islikely to amount to about 4 MMT p.a. by 2013-14. Given likely production of 72 MMT p.a. ofsteel in the country by 2013-14, import of about4MMT p.a. and consumption of about 65 MMT

(InMMT)

Import Consumptionear Export

2004-05 38 2 4 36

2019-20 110 6 26 90

CAGR 7.3% 7.1% 13.3% 6.9%



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p.a. ,the export of steel products by 2013-14 islikely to be about 11MMT p.a.

According to a report on Coastal Shippingprepared by TCS, 1.5 to 2% of the country'ssteel consumption will be moved by coastalroute. Considering 65 MMT of steel asprojected consumption during 2013-14, theoverall coastal movement of steel will be about2 MMT p.a. by 2013-14.Hence total traffic in respect of steel productshas been projected at the level of 17 MMTduring 2013-14.

(ii) Fertilizers & fertilizer raw materialsAs per CIER market study, the demand forfinished fertilizers will be around 28 MMT p.a.by 2013-14. Since the overall fertilizermanufacturing capacity (as indicated by FAI) isaround 17MMT, the import of finishedfertilizers is assessed at 11MMT p.a.

The present level of fertilizer raw materials(FRM) imports at major ports is around 5.6MMT. The Xth Plan Working Group hadprojected 8.49 MMT traffic by 2006-07. Sincethere is no specific indication from FAIregarding creation of additional capacity, it isassumed that almost the same level of import ofFRM with marginal increase can be expected(i.e. about 9 MMT) during 2013-14. Therefore,the total traffic in respect of fertilizer and itsraw material is estimated at 20 MMT p.a. by2013-14.

(iii) Foodgrains

According to the Department of Food & PublicDistribution, the country will face a shortfall of

10 MMT of foodgrains by the end of the XIthPlan. Assuming this shortfall to continue till2013-14, port traffic of 10 MMT p.a. of foodgrains has been considered for 2013-14.

(iv) Chemicals and other liquidsThe existing level of traffic in respect of edibleoil, chemicals and other liquids is about 17MMT. Annual growth of about 10% has beenprojected in consultation with the Department ofChemicals and Petro-chemicals. Therefore, thetotal port traffic in respect of chemicals andother liquids has been estimated at around 40MMT in 2013-14.

The Central Government is contemplating settingup mega petro-chemical hubs, both on the eastand west coasts. On establishment of these hubs,additional traffic in chemicals to the tune ofaround 10MMT may be expected by 2013-14.

Hence by 2013-14, the total chemicals and otherliquid traffic will be around 50.25 MMT, whichis consistent with the estimated traffic of53MMT indicated by the Department ofChemicals and Petro-chemicals.

(v) AluminaThere are proven reserves of bauxite in the stateof Orissa. Three firms namely, UAIL, L&T andAditya Birla Vedanta have formulated definitivecourse of action for establishment of Aluminaplants for exports of initially 1 MMT each and 2MMT in the subsequent years. NALCO isalready exporting Alumina to the tune of 1MMT and is poised to reach 2 MMT by 2007.Accordingly, exports of 6 MMT of Alumina isconsidered by 2013-14.



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(vi) Other generallbreak bulk cargo

Keeping in view the scope of export growth andvarious developments likely to take place inconsumer products, automobile industry, food-processing industry, readymade garments,development of a number of SEZs across thecountry, etc., it is projected that around 95MMT of such traffic is likely to be generated.

6. Container trafficThe projection of Container traffic by the end ofthe year 2013-14 is 20 Million Twenty FeetEquivalent Units (MTEUs) against the traffic of4.613 MTEUs handled during 2005-06, thusachieving a CAGR of 15.98%.

To confirm the above projections, ports wereasked to provide Annualised projections from2007-08 to 2013-14. It has been observed thatCGAR between 2007-08 and 2013-14 is17.23%. However, the overall projected trafficti1120l3-l4 remains 20 MTEUs.

The growth of container traffic between 2000-01 and 2005-06 is 13.33%. The overallgrowth rate from 1990-91 to 2005-06 is13.61 %.

Regression Analysis relating GDP growth rateand container TEU s handled from 1990-91 to2005-06. is summarized in the followingtable. Assuming GDP growth @ 9%, CARGof projected container traffic is 12.09%:


GDP Growth Rates CARG (%)

@7.5% 10.21%@8.0% 10.84%@8.5% 11.47%@9.0% 12.09%

According to a study conducted by ESCAP,the rate of growth for container traffic in Indiafor 2011-12 is assumed @ 9.4% with a trafficof 11.7 MTEUs.

Similarly, the mid level projections made byCES for the study titled "Establishment offourth container terminal at JNPT" was at thelevel of 11.5 MTEUs for all Indian Ports.As per the study on "Preparation of MasterPlan for Development of ICDs/CFS in India"done in 2004 by M is RITES for InfrastructureDivision, Department of Commerce, Ministryof Commerce & Industry, the estimated exportand import traffic likely to be handled atMajor Ports during 2014-15 is 94.8 MMT orwith appropriate loadability factors forconstituted cargo groups, 9.32 MTEUs.

As may be seen from the above details, thegrowth rate under most of the projectionscenarios ranges from 10.21% to 12.09%.However, keeping in view the variousdevelopments likely to be taken up during thenext 9 years i.e. from 2005-06 to 2013-14 anddeliberations with the ports and other usersagencies, the projection for containers has


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been made at the level of 20 MTEU s with theoverall CARG for container traffic of around16%.

Summing up of the projections for2013-14The details indicated above are based on theprojected growth in various refineries, marketfor iron ore exports, expansionprogramme/plans for power and steel plants,petro chemical and other liquid /chemicalsector of our country and also feedbackreceived from various governmentdepartments like fertilizers, chemicals andpetro-chemicals, food and public distribution,etc. Commodity-wise projections for 2013-14are as under:

GDP Growth at 7.5% GDP Growth at 8% GDP Growth at 8.5%Trend of growth ofall port traffic duringpreceding 5 years.

1103 1150

(inMMT)Commodity All ports traffic

projection for 2013-14POL 466Non-coking Coal 134Coking Coal 46Iron Ore 140Containers - Tonnage 241

Containers - TEUs 20Others * 198Total 1225(*) includes iron and steel, fertilizers and related raw materials,food grains, alumina, chemicals and other misc. & general cargo)

The above proj ections of 1225 MMT of totalport traffic during 20 l3 -14 have beencompared with separate projections done bythe Indian Ports Association (IPA) on GDPgrowth by regression analysis and growthtrend of port traffic during the previous 5years. The results of such comparison aretabulated in the table below for 20l3-l4:

(InMMT)

1198 1142

Share of traffic between Major &Non-Major Ports during the last five years

Ports 2001-02 2002-03

Major Ports 74.92 74.88

Non-Major Ports 25.08 25.12

(In Percent)2003-04 2004-05 2005-06

74.05 74.05 74.42

25.95 25.95 25.58



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The commodity based projections done in thisstudy (1225 MMT) is close to the aboveprojections made on the analysis based onGDP growth and trend of growth during theprevious 5 years.

During 2006-07, it is projected that share ofNon-Major port traffic would be around26.5%. In keeping with the massivedevelopment plans undertaken by the StateMaritime Boards/Authorities, constraints of

expansion in the existing Major Ports beyondcertain limits and availability of greenfieldsites on the vast Indian coast line, it isexpected that the share of Non-Major porttraffic would progressively go up and wouldreach about 32% by 20l3-l4.

On this basis, the following abstract has beenprepared and the projected figures have beenrounded off to the nearest integer:

Abstract of traffic projections

Commodity

(In MMT)

Non-Major PortsShare of

Major Ports(2013-14)

POL 142 75 217 466 254 (55%)

Iron Ore 79 25 104 140 110 (79%)

Coal 59 15 74 180 141 (78%)

Container 62 4 66 241 194 (80%)

(MTEUs) (5) (0.293) (5) (20) (16.11)

Other cargoes 81 31 112 198 135 (68%)

Total 423 150 573 1225 834 (68%)

Based on the above projections, CAGR likely to be achievedfrom 2005-06 till 2013-14 will be 9. 96%for all ports, 8.84%for Major Portsand 12. 76%for Non- Major ports.



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Published byThe Secretariat for the Committee on Infrastructure

Planning CommissionGovernment of IndiaYojana Bhawan, Parliament StreetNew Delhi - 110001

port finance plans

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