KOLKATA: A Rs 2,500-crore investment is in the pipeline for Kolkata Port (Syama Prasad Mookerjee Port) for the next four years, said SMP Chairman Mr. Vinit Kumar.

Addressing the media on the sidelines of the two-day Maritime Public Private Partnership Conclave 2022, organised by SMP, Kolkata (erstwhile KoPT) and Ficci, Kumar said, “Of the Rs 2,500crore, three are ongoing projects with an investment of Rs 750 crore.”

He said, “It’s the silver jubilee of PPP (public-private partnership) in the port sector. Over Rs 20,000 crore have been invested under the PPP model. This accounts for around 30% of the port sector’s total capacity.” Around Rs 28,000 crore investment was coming SMP’s way in the next seven-eight years. The Rs 1,000crore project being awarded every year now would multiply four times in the next few years and thus, the focus should be on PPP players, explained Kumar.