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Tenders: ADB prepares Action Plan for coastal shipping

Fiinews by Fiinews
December 6, 2019
in Contract, Infrastructure, Investment, Projects, Tenders
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Approved: 67 Sagarmala Projects

 

 

The Asian Development Bank (ADB) has prepared an Action Plan for Infrastructure Creation to Increase the Use of Coastal Shipping in India, parliament was told on 5 Dec 2019.

The action plan, prepared in September 2019, includes recommendations on infrastructure required to increase the use of coastal shipping, Minister of State Mansukh Mandaviya said in a written reply to the house.

Master Planning of 12 Major Ports has been carried out and 95 capacity expansion and port modernisation projects have been identified, he added.

Major ports capacity has been re-rated with respect to global benchmarks as per berthing policy 2016 and effective capacity has increased by 293 MTPA after re-rating.

Global benchmarks have been adopted to improve the efficiency and productivity for major ports and 116 initiatives have been identified to unlock 100 MTPA of capacity at major ports.

The Shipping Ministry has approved 67 projects (cost: Rs.5,702 Crore) under Sagarmala Programme for financial assistance of Rs.1,491 Crore for improving port infrastructure and port connectivity.

An analysis of nation-wide end-to-end logistics flows of all key commodities (~85% of all commodities) at ports was carried out based on which the National Perspective Plan (NPP) for the Sagarmala Programme was prepared in April 2016. As a part of the NPP, a roadmap is developed for increasing Indian port capacity to 3300+ MTPA by 2025, he said. fiinews.com

Tags: Asian Development BankMinistry of Shipping
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