Govt collaborating with countries through multilateral and bilateral agreements
Sagarmala Programme has 839 identified projects, worth Rs.5.8 lakh crore, for implementation, Minister for Ports, Shipping and Waterways, Sarbananda Sonowal said in a written reply to the Lok Sabha 9 Feb 2024.
The programme includes projects from various categories such as modernisation of existing ports and terminals, construction of RoRo/RoPax & tourism jetties, enhancement of port connectivity, fishing harbours, skill development and technology centres, etc.
He said 241 projects, worth Rs.1.22 lakh crore, have been completed.
“These projects are being implemented by relevant central ministries, state governments, major ports, and includes projects supported under PPP, internal resources of Ports, and Equity Investments,” said the Minister.
Projects having high social impact but with no return or low Internal Rate of Return are being provided financial assistance under the Sagarmala Scheme of Ministry of Ports, Shipping and Waterways.
Till date, a total of 171 projects worth Rs.4,525 crore have been supported under Sagarmala scheme for partial funding. Out of 171 projects, 55 projects have been completed.
Elaborated Sonowal, “The Government is collaborating with various countries through both multilateral and bilateral agreements in the maritime sector as well as joint maritime meetings.
“Further, the Government actively participates in partnerships with international organizations such as the International Maritime Organization (IMO), of which India is a member state.”
Additionally, under Sagarmala Programme, the Government has undertaken development of 63 infrastructure projects at 57 locations to facilitate passenger and cargo transportation through RoPax and Passenger ferry services. Ten of these projects have already been completed and 4 locations are now operational.
“This improved connectivity through RoPax services has stimulated economic activities in coastal regions by facilitating unhindered movement of goods and people, which in turn has contributed to the development of local industries and tourism,” he said. fiinews.com
