Govt. clears Rs.2,302 cr for waterways

Fast tracking the Sagaramala project, the government has recently cleared Rs.2,302 crore to be provided as financial assistance under the Coastal Berth Scheme of the program. The scheme provides financial support to ports or state governments for the creation of infrastructure for the movement of cargo and passenger by sea or national waterways. Projects under this scheme are distributed over eight states with the highest number of 12 projects in Maharashtra, 10 projects each in Andhra Pradesh & Goa, 6 projects in Karnataka, 3 projects each in Kerala and Tamil Nadu, 2 in Gujarat, and 1 project in West Bengal. Out of the 47 projects, 23 projects involving Rs.1,075.61 crore have been sanctioned for the total financial assistance of Rs.390.42 crore and Rs.230.01 crore has already been released to major ports, state maritime boards and state governments. The remaining 24 projects are under various stages of development and currently are in the process of approval.

Published: 08 November 2017