MoPSW gives update on Rs.5.5 lakh crore Sagarmala projects
Minister of Ports, Shipping and Waterways Sarbananda Sonowal and Minister for Fisheries, Animal Husbandry and Dairying Parshottam Rupala have laid the foundation stone of Rs.169.17 crore Modernisation and Upgradation Works of Cochin Fishing Harbour at Thoppumpady, Kerala.
This project is funded through Grants from Pradhan Mantri Matsya Sampada Yojana (PMMSY) Scheme under the Department of Fisheries (Rs.50 crores) and the Sagarmala Project scheme of MoPSW (Rs.50 crores) and investment of PPP Operator is Rs.55.84 crores.
The project’s first stage includes construction of three air-conditioned Auction Halls, one non-air-conditioned hall, one fish dressing unit and other ancillary units.
Internal roads will be constructed, loading and unloading platforms will be built, waste management area will be developed and there will be canteen facilities, drivers’ waiting area, dredging work, areas machinery and equipment among others.
The construction of four temperature-controlled auction halls of 60mx18m with mechanical retrieval and conveyance will increase the capacity of the fishing harbour by 415 tonnes of fish per day.
During the inauguration on 11 June 2023, Sonowal said, “It is envisaged the export of fish and fish products will be Rs.1,500 crores per annum on completion of the project. In addition, there will be substantial improvement in the hygienic conditions.”
The flagship Sagarmala Program of MoPSW is leading the Maritime development of the country with 802 projects worth Rs.5.5 lakh crore targeted to be executed by 2035.
Out of which, 202 projects worth Rs.99,281 crore have been completed.
Twenty-nine projects worth Rs.45,000 crore have been implemented under PPP model, thus, reducing the financial burden on the exchequer.
Additional 32 PPP projects, worth Rs.51,000 crore, are currently being implemented.
Further, there are more than 200 projects worth Rs.2.12 lakh crore under construction and expected to be completed in 2 years’ time.
Under Sagarmala, MoPSW has partially funded 171 projects worth Rs.10,900 crore across coastal states and UTs. Out of 171 projects, 48 projects worth Rs.2,900 crore have been completed and 123 projects worth Rs.8,000 Crore are under various stages of implementation and development.
In FY 22-23, 37 projects worth Rs.2,500 crore have been sanctioned by this Ministry under the Sagarmala Scheme.
To harness the efficiency of the private sector in operations, 52 projects worth Rs.40,200 crore have been completed at Major Ports in Public Private Partnership (PPP) mode.
Further, 84 projects worth Rs.49,500 crore are under various stages of implementation and development. In addition to the above, Sagarmala Development Company Limited has invested Rs.530 crore in 4 projects in Andhra Pradesh, Odisha, and West Bengal, which have been completed.
Nine fishing harbour projects worth Rs.620 crores have been completed till now under the Sagarmala Programme of MoPSW.
Apart from this, modernization of 5 fishing harbours has been done at a cost of ~Rs.550 crores. Fiinews.com
