TN gets Rs.2,500 cr under Sagarmala drive

The Union government has begun several new projects under its Sagarmala program at the Kamarajar Port situated in Tamil Nadu. A sum of Rs.2,500 crore has reportedly been earmarked to spend in Tamil Nadu, including Rs.390 crore for port modernization, Rs.550bn ($8bn) for port connectivity, and Rs.1,500bn ($23bn) for port-led industrialization. The new developments also include the construction of Rs.12.7bn ($197m) container terminal, which will be designed to provide more container-handling facilities for traders. Additionally, the terminal will facilitate new industries and ancillaries in the wider vicinity of the port. It is also expected to create job opportunities in the region, a new multi cargo terminal estimated to be Rs.1.51bn ($23m) will also be built in order to provide the port with greater multi-cargo handling capabilities. The new developments also include the construction of Rs.12.7bn ($197m) container terminal, which will be designed to provide more container-handling facilities for traders.Plans have been outlined in the Sagarmala initiative for the construction of a new Rs.6bn ($9m) railway line to the port’s container and multi cargo terminal. The rail line is expected to reduce the logistical costs, as well as alleviate loads and decongestion on nearby roads.

Published: 17 June 2017