Union Government to provide financial assistance of Rs 2302.05 crore for Sagarmala projects

Nov 6, 2017 17:12 IST
Coastal Berth Scheme of Sagarmala Programme

The Union Ministry of Shipping on 3 November 2017 undertook projects worth Rs 2302 crore for financial assistance under the Coastal Berth Scheme of the Sagarmala Programme.

The Ministry also extended the period of the scheme for three years up to 31 March 2020 and expanded its scope to cover capital dredging at Major Ports and preparation of DPR for coastal berth project.

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Key Highlights
• The 47 projects under Coastal Berth Scheme are distributed over eight states with the highest number of projects in Maharashtra (12 projects), Andhra Pradesh & Goa (10 projects), Karnataka (6 projects), Kerala and Tamil Nadu (3 projects), Gujarat (2 projects) and West Bengal (1 project).
• Out of the 47 projects, 23 projects worth Rs 1075.61 crore were sanctioned for total financial assistance of Rs 390.42 crore and on the other hand, Rs 230.01 crore was released to Major Ports, State Maritime Boards and State Governments.
• The remaining 24 projects are under various stages of development and process of approval.
• The most recent beneficiaries of the scheme were Jawahar Lal Nehru Port Trust (JNPT) and Karnataka Government respectively for developing coastal infrastructure at Jawahar Lal Nehru Port, Karwar Port and Old Manglore Port.

About Coastal Berth Scheme of Sagarmala Programme

• The Coastal Berth Scheme aims to provide financial support to ports or state governments for creation of infrastructure for movement of cargo and passenger by sea or national waterways.
• The total financial assistance from Central Government is 50 per cent of the total cost of the project subject.
• The financial assistance will also be provided for the preparation of DPRs for the projects to be considered under this scheme.
• The balance expenditure will be incurred by the respective Ports or concerned State Governments from their own resources.
• Once completed, the projects will help to promote coastal shipping and increase its share in domestic cargo movement in India.

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