Acquisition of two Cargo vessels and six landing barges of Lakshadweep

The Cabinet Committee on Economic Affairs today gave its approval for acquisition of two 250 passenger-cum-100 M.T. Cargo Vessels at a cost of US Dollars 18.30 million equivalent to Rs.82.35 crore per vessel subject to variation in exchange rate. The vessels will provide transport facilities to the Islanders in the Union Territory of Lakshadweep. The vessels will be obtained during 2009-2010.

The CCEA also gave its approval for acquisition of six Landing Barges at a cost of Rs.51.06 crore. The Landing Barges will facilitate embarkation/disembarkation of passengers and loading/unloading of cargo. The delivery of barges will be obtained within 24 months starting from December, 2007.

The vessels will be acquired through a competitive bidding format.

Source : Press Information Bureau

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