About 119 projects identified in Andhra Pradesh under Sagarmala
ECONOMY & POLICY

About 119 projects identified in Andhra Pradesh under Sagarmala

Nearly 119 projects of over Rs 1 lakh crore have been identified in Andhra Pradesh under the Sagarmala project.

Sagarmala Programme has partially funded nine projects worth Rs 1,124 crore. From these nine projects, four projects of Rs 694 crore have been completed, three of Rs 88 crore are under implementation, and two projects of Rs 342 crore are under development.

These projects will focus on infrastructures, including the Port Industrialisation, Port Modernisation, Port Connectivity Enhancement, Coastal Community Development and Coastal Shipping, and Inland Waterways.

The Central Ministries, Inland Waterways Authority of India (IWAI), Indian Railways, National Highways Authority of India (NHAI), State government and Major Ports implemented these projects.

The central government approved the development of A Major Port in Wadhavan on the landlord Port development model because of its growing requirement of import and export in the country.

Over 800 projects worth nearly Rs 5.54 lakh crore were identified for implementation from 2015 to 2035 under the Sagarmala project.

These projects include modernising the existing ports and terminals, new ports, terminals, roll-on or roll-off (RoRo) and tourism jetties, enhancing port connectivity, inland waterways, lighthouse tourism, industrialisation around the port, skill development, technology centres, among others.

The Central Line Ministries, State Maritime Boards, Major Ports, and Special Purpose Vehicle (SPV) through the private sector or Public-Private Partnership (PPP) have implemented these projects.

Image Source

Nearly 119 projects of over Rs 1 lakh crore have been identified in Andhra Pradesh under the Sagarmala project. Sagarmala Programme has partially funded nine projects worth Rs 1,124 crore. From these nine projects, four projects of Rs 694 crore have been completed, three of Rs 88 crore are under implementation, and two projects of Rs 342 crore are under development. These projects will focus on infrastructures, including the Port Industrialisation, Port Modernisation, Port Connectivity Enhancement, Coastal Community Development and Coastal Shipping, and Inland Waterways. The Central Ministries, Inland Waterways Authority of India (IWAI), Indian Railways, National Highways Authority of India (NHAI), State government and Major Ports implemented these projects. The central government approved the development of A Major Port in Wadhavan on the landlord Port development model because of its growing requirement of import and export in the country. Over 800 projects worth nearly Rs 5.54 lakh crore were identified for implementation from 2015 to 2035 under the Sagarmala project. These projects include modernising the existing ports and terminals, new ports, terminals, roll-on or roll-off (RoRo) and tourism jetties, enhancing port connectivity, inland waterways, lighthouse tourism, industrialisation around the port, skill development, technology centres, among others. The Central Line Ministries, State Maritime Boards, Major Ports, and Special Purpose Vehicle (SPV) through the private sector or Public-Private Partnership (PPP) have implemented these projects. Image Source

Next Story
Infrastructure Urban

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept  has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

Next Story
Real Estate

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

Next Story
Real Estate

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement