Karnataka Approves Rs 84 bn Maritime Projects
PORTS & SHIPPING

Karnataka Approves Rs 84 bn Maritime Projects

The Karnataka State Cabinet has approved maritime initiatives worth more than Rs. 84 bn, covering port and shipbuilding infrastructure, water metro and passenger ferry services, and integrated island development along the State’s coast. The projects are intended to strengthen cargo movement, tourism, logistics and coastal connectivity.

A multi-purpose port and shipyard facility is proposed at Manki in Uttara Kannada district at an estimated cost of Rs. 69.25 bn. The facility is planned to have cargo-handling capacity of 15 mn t per annum and will be developed under a design, build, finance, operate and transfer model. The project is expected to combine port operations with shipbuilding infrastructure.

The Cabinet has also approved a shipbuilding and ship-repair facility at Gangolli in Udupi district. The facility will be developed under the same public-private partnership model, with an estimated investment of Rs. 3.22 bn. The Karnataka Maritime Board has identified ports, logistics, shipbuilding, tourism, mobility, investment, environment and cargo handling as key components of the State’s maritime economy.

The government plans to introduce a coastal ferry service linking Mangaluru in Dakshina Kannada district with Karwar in Uttara Kannada district. The proposed route would be developed in four phases, connecting Mangaluru with Maravanthe, Maravanthe with Murdeshwar, Murdeshwar with Gokarna, and Gokarna with Karwar. The Cabinet has approved the appointment of a transaction advisor to conduct a feasibility study for the service.

In-principle approval has also been granted for a water metro project on the Gurpur and Netravati rivers in Mangaluru, subject to technical and financial feasibility assessments. In addition, the government plans to develop 12 islands on a design, build, finance, operate and transfer basis, including seven in Uttara Kannada, three in Udupi and two in Dakshina Kannada. Officials said private capital, technology and operational expertise would be important to implement the projects.

The Karnataka State Cabinet has approved maritime initiatives worth more than Rs. 84 bn, covering port and shipbuilding infrastructure, water metro and passenger ferry services, and integrated island development along the State’s coast. The projects are intended to strengthen cargo movement, tourism, logistics and coastal connectivity. A multi-purpose port and shipyard facility is proposed at Manki in Uttara Kannada district at an estimated cost of Rs. 69.25 bn. The facility is planned to have cargo-handling capacity of 15 mn t per annum and will be developed under a design, build, finance, operate and transfer model. The project is expected to combine port operations with shipbuilding infrastructure. The Cabinet has also approved a shipbuilding and ship-repair facility at Gangolli in Udupi district. The facility will be developed under the same public-private partnership model, with an estimated investment of Rs. 3.22 bn. The Karnataka Maritime Board has identified ports, logistics, shipbuilding, tourism, mobility, investment, environment and cargo handling as key components of the State’s maritime economy. The government plans to introduce a coastal ferry service linking Mangaluru in Dakshina Kannada district with Karwar in Uttara Kannada district. The proposed route would be developed in four phases, connecting Mangaluru with Maravanthe, Maravanthe with Murdeshwar, Murdeshwar with Gokarna, and Gokarna with Karwar. The Cabinet has approved the appointment of a transaction advisor to conduct a feasibility study for the service. In-principle approval has also been granted for a water metro project on the Gurpur and Netravati rivers in Mangaluru, subject to technical and financial feasibility assessments. In addition, the government plans to develop 12 islands on a design, build, finance, operate and transfer basis, including seven in Uttara Kannada, three in Udupi and two in Dakshina Kannada. Officials said private capital, technology and operational expertise would be important to implement the projects.

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