Central Government launches Rs 5.60 trillion maritime projects
06 Sep 2023
2 Min Read
CW Team
The Union government announced that 802 Sagarmala projects, valued at Rs 5.60 trillion, were being carried out across India. According to the Ministry of Ports, Shipping and Waterways (MoPSW), Andhra Pradesh was responsible for 113 of these projects, with an estimated cost of Rs 1.23 trillion.
It was reported that nearly 36 projects, totalling Rs 320.21 million, had already been completed. The MoPSW was concentrating on port connectivity, coastal community development, and shipping, in accordance with the recommendations of the Maritime Board.
In connection with this, a review meeting was held by the Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, with representatives from the Visakhapatnam Port Authority (VPA), Dredging Corporation of India (DCI), Indian Maritime University (IMU), and Visakhapatnam campus.
The Union Minister had officially inaugurated the Visakhapatnam International Cruise Terminal (VICT) and three other significant projects at the Visakhapatnam Port Authority (VPA). VICT was a substantial infrastructure enhancement initiative undertaken by the Ministry of Ports under the guidance of Prime Minister Narendra Modi to achieve the Ministry鈥檚 objectives. The international cruise terminal had been developed as part of the Visakha Port Modernisation project.
With the terminal becoming operational, maritime tourism was expected to receive a boost, creating employment opportunities.
Additionally, the city was likely to establish connections with Chennai, Kolkata, Mumbai, Kandla, and Goa. Furthermore, the ministry was also in the process of expanding the cargo facilities at VPA using advanced technologies.
Also read:
Vizag International Cruise Terminal Inaugurated
Tamil Nadu Seeks Central Aid for Port Development
The Union government announced that 802 Sagarmala projects, valued at Rs 5.60 trillion, were being carried out across India. According to the Ministry of Ports, Shipping and Waterways (MoPSW), Andhra Pradesh was responsible for 113 of these projects, with an estimated cost of Rs 1.23 trillion.
It was reported that nearly 36 projects, totalling Rs 320.21 million, had already been completed. The MoPSW was concentrating on port connectivity, coastal community development, and shipping, in accordance with the recommendations of the Maritime Board.
In connection with this, a review meeting was held by the Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, with representatives from the Visakhapatnam Port Authority (VPA), Dredging Corporation of India (DCI), Indian Maritime University (IMU), and Visakhapatnam campus.
The Union Minister had officially inaugurated the Visakhapatnam International Cruise Terminal (VICT) and three other significant projects at the Visakhapatnam Port Authority (VPA). VICT was a substantial infrastructure enhancement initiative undertaken by the Ministry of Ports under the guidance of Prime Minister Narendra Modi to achieve the Ministry鈥檚 objectives. The international cruise terminal had been developed as part of the Visakha Port Modernisation project.
With the terminal becoming operational, maritime tourism was expected to receive a boost, creating employment opportunities. Additionally, the city was likely to establish connections with Chennai, Kolkata, Mumbai, Kandla, and Goa. Furthermore, the ministry was also in the process of expanding the cargo facilities at VPA using advanced technologies.
Also read:
Vizag International Cruise Terminal Inaugurated Tamil Nadu Seeks Central Aid for Port Development
Next Story
Kolkata鈥檚 luxury housing market sees price growth amid mixed trends
A new study by Nklusive reveals that Kolkata鈥檚 luxury residential market (Rs 5鈥�10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment鈥檚 supply. The average price rose by 6 per cent鈥攆rom Rs 17,519 to Rs 18,600 per sq ft鈥攚hile unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata acco..
Next Story
New Expressway to Cut Pune-Bengaluru Travel Time by Half
The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka鈥檚 Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..
Next Story
Nagpur鈥檚 Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic
To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..
