+
Centre gives nod for Rs 1.77 Bn worth development project
ECONOMY & POLICY

Centre gives nod for Rs 1.77 Bn worth development project

The Centre has approved the comprehensive development of a fishing harbour at Muthalapozhi, a coastal village known for recent fishing boat accidents. Located at Perumathura, where the Vamanapuram River and Kadinamkulam Lake meet the Arabian Sea, Muthalapozhi has become hazardous for fishermen navigating to and from sea.

Announcing the Centre’s decision on Sunday, Union Minister of State for Fisheries and Animal Husbandry, George Kurian, stated that the Rs 1.77 billion development project received approval based on a Detailed Project Report (DPR) submitted by the state government. The funding arrangement is set at a 60:40 ratio, with Rs 1.06 billion allocated under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and the remaining Rs 708 million to be contributed by the state.

Kurian explained that the harbour expansion will allow docking for up to 415 mechanised fishing boats, enabling the import of 38,142 metric tonnes of fish per year. The project is expected to benefit around 10,000 people directly, with an equal number indirectly. Infrastructure improvements worth Rs 1.64 billion will include modernisation of internal roads, establishment of new drainage systems, parking areas, and the renovation of loading areas. The remaining funds will support coastal protection and the implementation of a smart green port project, with the state government overseeing the harbour development.

Additionally, Kurian reported that the Centre has instructed the state government to implement safety measures to prevent further accidents at Muthalapozhi. The Centre also selected six fishing villages in Kerala for its Climate Resilient Village programme and plans to modernise five ports within the state.

The Centre has approved the comprehensive development of a fishing harbour at Muthalapozhi, a coastal village known for recent fishing boat accidents. Located at Perumathura, where the Vamanapuram River and Kadinamkulam Lake meet the Arabian Sea, Muthalapozhi has become hazardous for fishermen navigating to and from sea. Announcing the Centre’s decision on Sunday, Union Minister of State for Fisheries and Animal Husbandry, George Kurian, stated that the Rs 1.77 billion development project received approval based on a Detailed Project Report (DPR) submitted by the state government. The funding arrangement is set at a 60:40 ratio, with Rs 1.06 billion allocated under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and the remaining Rs 708 million to be contributed by the state. Kurian explained that the harbour expansion will allow docking for up to 415 mechanised fishing boats, enabling the import of 38,142 metric tonnes of fish per year. The project is expected to benefit around 10,000 people directly, with an equal number indirectly. Infrastructure improvements worth Rs 1.64 billion will include modernisation of internal roads, establishment of new drainage systems, parking areas, and the renovation of loading areas. The remaining funds will support coastal protection and the implementation of a smart green port project, with the state government overseeing the harbour development. Additionally, Kurian reported that the Centre has instructed the state government to implement safety measures to prevent further accidents at Muthalapozhi. The Centre also selected six fishing villages in Kerala for its Climate Resilient Village programme and plans to modernise five ports within the state.

Next Story
Resources

Pankaja Munde Lauds CREDAI-MCHI for Tree Plantation in Beed

CREDAI-MCHI has received a second letter of appreciation from Smt. Pankaja Gopinath Munde, Maharashtra’s Minister of Environment & Climate Change, for planting 2,000 tree saplings at Bhagvan Bhaktigad, Sawargaon Ghat in Patoda, Beed. The initiative aligns with the state’s Green Maharashtra Mission and Van Mahotsav drive. In her letter, the Minister commended CREDAI-MCHI’s environmental contribution as a step towards long-term ecological balance and climate resilience. Domnic Romell, President, CREDAI-MCHI, said: “We are deeply honoured to receive this recognition... The p..

Next Story
Technology

Rodic Launches Advisory Arm for Data-Driven Governance Reform

Rodic Consultants has announced the launch of Rodic Advisory & Technology, a strategic new vertical aimed at strengthening data-led governance, institutional reform, and infrastructure strategy. The move marks a key milestone in the company’s evolution from engineering consultancy to governance enabler. Positioned as a dedicated public sector think tank, the vertical will partner with government bodies, multilateral institutions, and public agencies to deliver advisory services rooted in real-time operational data, engineering intelligence, and implementation expertise. Service..

Next Story
Infrastructure Urban

IndoSpace Launches Largest Industrial Park in Pune Region

IndoSpace, India’s leading supply chain infrastructure platform, has launched IndoSpace Chakan V, its largest industrial and logistics park in the country. Spread across 188 acres in MIDC Chakan near Pune, the project involves an investment of USD 120 million and marks the company’s eighth park in the region, bringing IndoSpace’s Pune footprint to 525 acres. Strategically located along major highways—including the Mumbai-Pune Expressway, Pune-Nashik Highway, and Bengaluru-Mumbai Industrial Corridor—the park ensures seamless connectivity to key industrial hubs and ports across we..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?