Govt fixes ₹72,000 cr Sagarmala projects on radar

The Ministry of Shipping has announced that nearly 194 projects worth Rs.72,000 crore will be awarded under the Sagarmala Program in the current fiscal, Joint Secretary, Sagarmala Project, KK Aggarwal, said, adding that currently close to 225 projects worth Rs.2.38 lakh crore are under various stages of implementation. As part of Sagarmala Program, more than 577 projects, with an estimated project cost of Rs.8.57 lakh crore, have been identified for implementation over a 20-year time period ( 2015-2035). This would be utilized across areas of port modernization and new port development, port connectivity enhancement, port-linked industrialization and coastal community development. On modernization and new port development, the Techno Economic Feasibility Report (TEFR) is being prepared for Tajpur Port. Close to 59 projects have been completed so far; another 88 projects worth Rs.31,000 crore are likely to be completed this year, he added.