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Transport | August 2011

Govt to build 7 new ports

India aims to construct seven new ports for Rs 350 billion ($7.6 billion) by 2017 to support the nation's plan to more than triple merchandise exports.

Government plans to raise two-thirds of the funds for the new facilities from private sector. APM Terminals, the container-terminal arm of AP Moeller-Maersk, and Dubai-based DP World. (DPW) are among the companies that have invested in ports in India to benefit from a surge in trade.

The government has sent the proposal for the new ports to seven Indian states, The plan requires the states to set aside about 2,500 acres (1,011 hectares) of land for each harbor.

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