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1.Sagarmala | Over 400 projects to attract over Rs 8 lakh crore investment and generate 1 crore new jobs

With the focus on promoting port-led-development in India, Rs 600 crore has been allocated for the Sagarmala programme in 2017-18. The flagship programme of the Ministry of Shipping, it encompasses capacity expansion and modernisation of ports along India’s coastline, enhancement of port connectivity to the hinterland, port led-industrialisation to promote trade, and sustainable development of coastal communities.


2.PUBLIC SPENDING | Growth Accelerator

It is known - and recognised - that the Indian economy is one of the fastest growing in the world. However, for this growth to sustain, the infrastructure sector needs acceleration at a much faster pace. With this in mind, Finance Minister Arun Jaitley allocated Rs 396,135 crore for the infrastructure sector in this year´s Budget, up 10 per cent from the previous year.


3.Rs 500 crore approved for development of West Bengal’s Sagar Port project

To make the development of the proposed Sagar Port project in West Bengal financially viable, a grant of Rs 515 crore has been given in principle approval by the government. This is part of the continuous efforts by the Ministry of Shipping during the last two years for the development of this port.


4.Cost savings from Sagarmala programme likely to be Rs 35,000 to 40,000 crore p.a.

Rs 4 lakh crore spent in the past two and a half years towards building world-class highways and shipping infrastructure in the country, indicate reports. While the ministry has spent about Rs 3 lakh 17 thousand crore to build a total of 14,594 km and award 21,247 km of national highways, the shipping ministry has spent about Rs 80,000 crore for various projects aimed at modernising and mechanising the shipping sector and making it more efficient.


5.Sterling and Wilson brings grid power to light up Sagar Island

The electrification project, Sagar Island by West Bengal State Electricity Distribution Co Ltd that received funding from the World Bank (ICZ) and State Fund


6.Kolkata Port Trust-Bengal govt to develop new port

Union government-owned Kolkata Port Trust has signed an agreement with the West Bengal government to set up a new port at Sagar Island


7.two new ports underway

The government has decided to develop two new major ports under the PPP mode, one at Dugarajapatnam in Andhra Pradesh and the other at Sagar Island in West Bengal.


8.Phase-I of port project to cost `78.5 bn

The proposed 54 mtpa major port project at Sagar Island in West Bengal may cost Rs 7,851 crore in the first phase. Kolkata Port Trust appointed RITES to study the feasibility of the project which is a part of the Union Government's plan to set up two major ports, one each in West Bengal and Andhra Pradesh. The Centre plans to invest Rs 73,793.95 crore for the development of various port projects in the Twelfth Five Year Plan.


9.Phase-I of port project to cost Rs 78.5 bn

The proposed 54 mtpa major port project at Sagar Island in West Bengal may cost Rs 7,851 crore in the first phase.


10.Kolkata port, Railways plan Sagar Island port connectivity project

Indian Railways and Kolkata Port Trust (KoPT) have decided to participate in a Rs 2,000-crore rail-road connectivity project for the proposed new port at Sagar Island.