13 Gati Shakti port and shipping projects completed, says Sonowal
An additional provision of Rs.5,000 crores has been made among the States as long-term loans at a zero-interest rate under the “Scheme for Special Assistance to States for Capital Investment for 2022-23″, Rajya Sabha was told on 14 Mar 2023.
This was for enhanced capital expenditure by States for infrastructure development, Minister for Ports, Shipping and Waterways Sarbananda Sonowal said in a written reply to the house.
The allocation was from Ministry of Finance, Department of Expenditure, through part-II (for PM-Gati Shakti National Master Plan – NMP – related expenditure).
The Ministry, he said, has undertaken various initiatives for ease of doing business. Incentives such as Model Concession Agreement, flexibility to concessioners, new tariff guidelines etc have been issued which allows improvement in port performance at Major Ports.
However, there is no envisaged structure related to additional incentives to any high performing port under the PM Gati Shakti, he added.
PM Gati Shakti is a transformative approach for integrated and holistic planning across concerned Ministries/Departments to improve multimodal connectivity, logistics efficiency and to address critical infrastructure gaps for seamless movement of people and goods, with focus on minimising disruptions and ensuring timely completion of projects.
The NMP aims at facilitating development of multi-modal connectivity infrastructure to various economic zones including Ports and shipping sector.
PM Gati Shakti has identified 101 projects in respect of Ports and Shipping so far, which are worth Rs.60,872 crores of implementation.
Out of these, 13 projects worth Rs.4,423 crore have been completed, he added. fiinews.com
