Ministry of Ports invest Rs 70 Bn in Sagarmala projects

30 Jul 2024 CW Team

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.

Real Estate

29 Jun 2026

Omaxe to Invest Rs 62 Billion in Hospitality Expansion

Omaxe has announced the launch of a dedicated hospitality business vertical with plans to develop 19 hotels across five states over the next four to five years as part of its strategy to strengthen recurring revenues and expand its integrated development ecosystem.The real estate developer proposes to invest approximately Rs 62 billion, subject to regulatory approvals and market conditions, to develop nearly 5 million sq ft of hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.The proposed portfolio will be integrated with Omaxe's existing townsh..

Third Railway Line Between Tatanagar And Adityapur Likely By September

The third railway line between Tatanagar and Adityapur is expected to be commissioned by September as work on the corridor advances, according to railway sources. The project to add a fourth line on the busy route is progressing and has been allocated Rs 50.89 billion (bn) in funding. The allocation underscores the focus on increasing capacity and easing congestion on the corridor. Relevant timetables are being adjusted to integrate the new capacity into regular operations. Construction activity has involved track laying, formation work and signalling upgrades along strategic stretches, with m..

Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha

Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..