Ministry of Ports invest Rs 70 Bn in Sagarmala projects
PORTS & SHIPPING

Ministry of Ports invest Rs 70 Bn in Sagarmala projects

The Ministry of Ports, Shipping and Waterways has invested over Rs 70 billion in Sagarmala projects in Andhra Pradesh, aimed at transforming the State?s maritime sector. Replying to a question raised by MPs Krishna Prasad Tenneti and YS Avinash Reddy regarding the proposals under the Sagarmala Project in the State, Union Minister Sarbananda Sonowal informed the Lok Sabha that the ministry has received 29 new proposals from the Government of Andhra Pradesh, worth approximately Rs 33 billion , covering various projects, including port development, coastal berths, and fish landing centres. ?These projects, include Ro-Pax and passenger jetties, fishing harbours, port modernisation and skill development. The ministry has already sanctioned Rs 4.5 billion for the development of these projects,? he noted, adding, ?Additionally, the Visakhapatnam Port Authority and Inland Waterways Authority of India (IWAI) have undertaken 36 projects in AP, with a combined investment of Rs 46 billion .? Among these, 22 projects worth Rs 25.30 billion have been completed, while 14 projects worth Rs 20.70 billion are in various stages of implementation.? He also mentioned the establishment of two Centres of Excellence in Maritime and Shipbuilding in Mumbai and Visakhapatnam. ?The Vizag Centre, a first of its kind in Asia, has equipped over 10,000 students with engineering and technical skills,? he said.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Ministry of Ports, Shipping and Waterways has invested over Rs 70 billion in Sagarmala projects in Andhra Pradesh, aimed at transforming the State?s maritime sector. Replying to a question raised by MPs Krishna Prasad Tenneti and YS Avinash Reddy regarding the proposals under the Sagarmala Project in the State, Union Minister Sarbananda Sonowal informed the Lok Sabha that the ministry has received 29 new proposals from the Government of Andhra Pradesh, worth approximately Rs 33 billion , covering various projects, including port development, coastal berths, and fish landing centres. ?These projects, include Ro-Pax and passenger jetties, fishing harbours, port modernisation and skill development. The ministry has already sanctioned Rs 4.5 billion for the development of these projects,? he noted, adding, ?Additionally, the Visakhapatnam Port Authority and Inland Waterways Authority of India (IWAI) have undertaken 36 projects in AP, with a combined investment of Rs 46 billion .? Among these, 22 projects worth Rs 25.30 billion have been completed, while 14 projects worth Rs 20.70 billion are in various stages of implementation.? He also mentioned the establishment of two Centres of Excellence in Maritime and Shipbuilding in Mumbai and Visakhapatnam. ?The Vizag Centre, a first of its kind in Asia, has equipped over 10,000 students with engineering and technical skills,? he said.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement