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Date: 29/03/2023

Govt to invite private participation in coastal shipping projects 
 
As part of its plan to reorient national logistics, the Centre is likely to invite private participation in five coastal shipping projects with a provision of viability gap funding (VGF) in the approaching fiscal year (2023-24), it is learnt. Work is currently on to identify the projects. The aim is to connect vital, high-demand economic areas which have an infrastructure deficit or traditional transport like roadways and railways that have reached saturation. The exercise is being undertaken as part of a major action plan to promote coastal shipping, following the announcement by the Finance Minister in the Union Budget speech. Coastal shipping will be promoted as an energy-efficient and lower-cost mode of transport, both for passengers and freight, through public-private partnership (PPP) mode with VGF, she had said, as per a report.
 
Source: Exim News Service: New Delhi, March 28



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