+
PM Gati shakti identifies 101 projects under ports and shipping
PORTS & SHIPPING

PM Gati shakti identifies 101 projects under ports and shipping

Under the PM Gati Shakti programme, a total of 101 projects related to ports and shipping totaling Rs 608.72 billion have been identified for implementation. 13 of them, totaling Rs- 44.23 billion, have been finished.

Gujarat has the most projects of all the states, with a total estimated cost of Rs 203.99 billion. Each of the 13 projects in Maharashtra and Andhra Pradesh is anticipated to cost Rs 99.55 billion and Rs 58.71billion, respectively.

PM Gati Shakti National Master Plan (NMP) is a transformative approach for integrated and holistic planning across concerned Ministries/Departments to improve multimodal connectivity, logistics efficiency and to address critical infrastructure gaps for seamless movement of people and goods, with focus on minimising disruptions and ensuring timely completion of projects.

The NMP aims to promote the development of multi-modal connectivity infrastructure to various economic zones, including the port and shipping sectors.

The Ministry of Finance's Department of Expenditure has added an additional Rs 50 billion to the "Scheme for Special Assistance to States for Capital Investment for 2022-23" for distribution among the states as long term loans with no interest in order to support increased capital expenditure by states for infrastructure development. This additional amount is for PM-Gati Shakti-related expenditure.

The Ministry of Ports, Shipping, and Waterways has launched a number of initiatives to make doing business easier. Incentives such as model concession agreements, concessioner flexibility, new tariff guidelines, and so on have been issued, allowing for improvements in port performance at major ports. However, under Prime Minister Gati Shakti, there is no envisaged structure related to additional incentives to any high performing port.

Sarbananda Sonowal, Union Minister for Ports, Shipping, and Waterways, provided this information in a written reply to the Rajya Sabha.

See also:
Critical port linking projects to get Rs 1 trillion Gati Shakti push
Gati Shakti Boost for the Ports Sector
Over 100 Sagarmala projects of Rs 1 trillion identified in Andhra


Under the PM Gati Shakti programme, a total of 101 projects related to ports and shipping totaling Rs 608.72 billion have been identified for implementation. 13 of them, totaling Rs- 44.23 billion, have been finished. Gujarat has the most projects of all the states, with a total estimated cost of Rs 203.99 billion. Each of the 13 projects in Maharashtra and Andhra Pradesh is anticipated to cost Rs 99.55 billion and Rs 58.71billion, respectively. PM Gati Shakti National Master Plan (NMP) is a transformative approach for integrated and holistic planning across concerned Ministries/Departments to improve multimodal connectivity, logistics efficiency and to address critical infrastructure gaps for seamless movement of people and goods, with focus on minimising disruptions and ensuring timely completion of projects. The NMP aims to promote the development of multi-modal connectivity infrastructure to various economic zones, including the port and shipping sectors. The Ministry of Finance's Department of Expenditure has added an additional Rs 50 billion to the Scheme for Special Assistance to States for Capital Investment for 2022-23 for distribution among the states as long term loans with no interest in order to support increased capital expenditure by states for infrastructure development. This additional amount is for PM-Gati Shakti-related expenditure. The Ministry of Ports, Shipping, and Waterways has launched a number of initiatives to make doing business easier. Incentives such as model concession agreements, concessioner flexibility, new tariff guidelines, and so on have been issued, allowing for improvements in port performance at major ports. However, under Prime Minister Gati Shakti, there is no envisaged structure related to additional incentives to any high performing port. Sarbananda Sonowal, Union Minister for Ports, Shipping, and Waterways, provided this information in a written reply to the Rajya Sabha. See also: Critical port linking projects to get Rs 1 trillion Gati Shakti push Gati Shakti Boost for the Ports SectorOver 100 Sagarmala projects of Rs 1 trillion identified in Andhra

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code