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

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Next Story
Building Material

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

Next Story
Infrastructure Urban

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?