Four coastal projects worth Rs 2 billion to come up in Goa after Centre’s approval
ECONOMY & POLICY

Four coastal projects worth Rs 2 billion to come up in Goa after Centre’s approval

As reported, as a part of the Integrated Coastal Zone Management Plan (ICZMP), the Central Government has given the go-ahead for four coastal projects in the state of Goa. Worth Rs 2 billion, these projects include sand dune parks, erosion or accretion assessment study, waste to energy plant, and documentation of fishery zones. The state had submitted a total of 12 projects for the Centre’s approval. 

It is estimated that work on these projects will commence around mid-December prior to the state officials receiving the Detailed Project Report (DPR) for all four projects. Reportedly, the DPR will be conducted by Chennai’s National Centre for Sustainable Coastal Management (NCSCM) – following which the report will be handed over to the state government. The institute will majorly focus on highlighting problems or hurdle to the projects and will list out possible solutions for the same.  

Under ICZMP, the projects being implemented in Goa are a part of the second phase of the project. The first phase witnessed implementation in the states of Gujarat and Odisha. 

Reportedly, the four ventures will receive funding from three sources – the World Bank, the Central Government and the State Government. They will initiate spending of Rs 1 billion, Rs 0.6 billion and Rs 0.4 billion, respectively. 

Additionally, the other 12 projects consisted of proposals for a study on the marine biodiversity of critical marine habitats as well as establishing a state project management unit as a part of its Department of Science, Technology and Environment (DSTE). 

The ICZMP is part of the government’s efforts to strengthen and enhance coastal resource efficiency while also making it resilient to varying factors. The plan includes a range of crucial activities – mangrove afforestation or putting together shelter beds, habitat conservation activities, eco-restoration of sacred groves, development of hatcheries and rearing or setting up rescue centres for turtles and other marine animals. It sets the guidelines for project implementation that takes into account the maintenance and conservation of the natural coastal ecosystem. 

As reported, as a part of the Integrated Coastal Zone Management Plan (ICZMP), the Central Government has given the go-ahead for four coastal projects in the state of Goa. Worth Rs 2 billion, these projects include sand dune parks, erosion or accretion assessment study, waste to energy plant, and documentation of fishery zones. The state had submitted a total of 12 projects for the Centre’s approval. It is estimated that work on these projects will commence around mid-December prior to the state officials receiving the Detailed Project Report (DPR) for all four projects. Reportedly, the DPR will be conducted by Chennai’s National Centre for Sustainable Coastal Management (NCSCM) – following which the report will be handed over to the state government. The institute will majorly focus on highlighting problems or hurdle to the projects and will list out possible solutions for the same.  Under ICZMP, the projects being implemented in Goa are a part of the second phase of the project. The first phase witnessed implementation in the states of Gujarat and Odisha. Reportedly, the four ventures will receive funding from three sources – the World Bank, the Central Government and the State Government. They will initiate spending of Rs 1 billion, Rs 0.6 billion and Rs 0.4 billion, respectively. Additionally, the other 12 projects consisted of proposals for a study on the marine biodiversity of critical marine habitats as well as establishing a state project management unit as a part of its Department of Science, Technology and Environment (DSTE). The ICZMP is part of the government’s efforts to strengthen and enhance coastal resource efficiency while also making it resilient to varying factors. The plan includes a range of crucial activities – mangrove afforestation or putting together shelter beds, habitat conservation activities, eco-restoration of sacred groves, development of hatcheries and rearing or setting up rescue centres for turtles and other marine animals. It sets the guidelines for project implementation that takes into account the maintenance and conservation of the natural coastal ecosystem. 

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->