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Sagarmala going full steam ahead


Projects worth Rs 1.85 lakh crore have been awarded under the ambitious port-led development programme Sagarmala till March 2018, the government has claimed.


A total of 224 projects, entailing the said investment, were launched till March 31 this year, the Ministry of Shipping said in a statement. It said that 196 projects worth Rs 71,868 crore are expected to be awarded in 2018-19. Ninety-eight projects worth Rs 31,046 crore are expected to be completed in the said period, the statement said, adding that 59 projects worth Rs 11,299 crore have been completed till March 31.


These include various infrastructure projects, coastal berth projects, fishery harbours and skill development projects which are being implemented by relevant Central Ministries, state governments, ports and other agencies primarily through the private or PPP mode.


As part of Sagarmala, 572 projects, at an estimated infrastructure investment of more than Rs 8.4 lakh crore, have been identified across the areas of port modernisation and new port development, port connectivity enhancement, port-linked industrialisation and coastal community development, said a release.


Source: Exim News Service - New Delhi, June 13


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