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
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?