Asset monetisation plan of Mormugao port faces setbacks - India Seatrade News

Obstacles to Mormugao Port's asset monetization plan - Maritime Gateway

The Mormugao Port Authority’s efforts to generate new revenue streams by selling institutions and prime property have failed, as no buyers have been found. The idea to outsource the Deepvihar Primary School, the 100-bed hospital, and the old administrative building for 30 years, as well as to lease out 50,000 square meters of good land for storage and a hotel in the port town, failed. Nonetheless, in the upcoming year, port authorities have prio…

Asset monetisation plan of Mormugao port faces setbacks - India Seatrade News

Mormugao Port Authority’s attempt to unlock new revenue streams through the sale of prime land and institutions has run aground, with the port authorities finding no takers. Plans to lease out 50,000 sqm of prime land for warehousing and for a hotel in the port town, as well as a proposal to outsource the Deepvihar Primary School, the 100-bedded hospital, and the old administrative building for 30 years, failed. However, the port officials have …