Port Development
Sagarmala Project: 119 projects worth over Rs 1 lakh cr identified in Andhra Pradesh
New Delhi/IBNS: About 119 projects worth more than Rs 1 lakh crore have been identified under the Sagarmala Programme in the state of Andhra Pradesh, Union Minister Sarbananda Sonowal has said in a statement to Parliament.
There are 9 projects worth Rs. 1124 crore partially funded through Sagarmala Programme.
Out of these nine projects, four projects worth Rs 694 crore have been completed, three projects worth Rs 88 crore are under implementation, and two projects worth Rs 342 crore are under development.
The projects will focus on enhancement related to the infrastructure related to Port-led Industrialization, Port Modernization, Port Connectivity Enhancement, Coastal Community Development & Coastal Shipping and Inland Waterways.
These projects are implemented by Central Ministries, lWAl, Indian Railways, NHAI, State Government and Major Ports etc.
The Centre has approved the development of a Major Port in Wadhavan on the landlord Port development model due to its natural advantages and growing requirement of import-export trade of the country.
The Non-major ports are under the jurisdiction of respective State Maritime Boards/States Governments.
As a part of the Sagarmala Programme, more than 800 projects at an estimated cost of around Rs 5.54 lakh crore have been identified for implementation from 2015 to 2035.
Sagarmala projects include projects from various categories such as modernisation of existing ports and terminals, new ports, terminals, RoRo & tourism jetties, enhancement of port connectivity, inland waterways, lighthouse tourism, industrialization around port, skill development, technology centres, etc.
These projects are broadly classified into five pillars of Sagarmala.
Implementation of the projects under Sagarmala is to be done by the Central Line Ministries, State Maritime Boards, Major Ports, and SPV preferably through the private sector and through Public Private Partnership (PPP) wherever feasible.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
