Union Government to spend Rs. 70,000 crore for major port’s development

Union Government to spend Rs. 70,000 crore for major port’s development

Port - News Update 8th October 2015Union Government is planning to spend about 70,000 crore rupees on the development of major ports as part of its ambitious Sagarmala project. It was announced by Union Minister for Road Transport, Highways and Shipping at the first meeting of the National Sagarmala Apex Committee (NSAC).

About Sagarmala project

In March 2015, Union Cabinet had given its ‘in-principle’ nod to this flagship project for port-led development in coastal States.

Sagarmala project aims for holistic port infrastructure development along the 7,500-km-long coastline through modernisation, mechanisation and computerisation. Read More

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