Goas Mormugao Port Might Shut Down If Losses Mount: Gadkari


Goas Mormugao Port Might Shut Down If Losses Mount: Gadkari

Union Shipping Minister Nitin Gadkari today said that the continued losses at the Mormugao Port Trust (MPT) might result in its shutdown.

The MPT, located in the states Vasco town, is facing a crisis as handling of coal has stopped due to protests and the banning of iron ore extraction has affected ore cargo as well.

“The port (Mormugao Port Trust) has run into losses this year. During the current financial year there is a loss of Rs 25 crore. Now you have to decide whether to run the port or not,” Gadkari told a gathering in Vasco town.

He was speaking at a ceremony to launch an inland ferry service between the port town and Old Goa near here in the states North district.

“If you keep on opposing everything, then how would we be able to support the port? If the port does not get any consignment, it will have to be closed. If there are losses, it is difficult to give payment without any work,” Gadkari said in an indirect reference to the protests against the alleged pollution caused by the ports handling of coal. Read More…

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