India, March 24 -- The Government of India has issued a release:
A total of 129 projects worth Rs. 9,053.56 crore have been sanctioned with funding of Rs. 3,346 crore by Ministry of Ports, Shipping and Waterways (MoPSW) under Sagarmala scheme. Of these, 78 projects, involving a cost of Rs. 5,356.89 crore with funding of Rs. 1,801.10 crore by MoPSW have been successfully completed.
A third party impact evaluation of the Sagarmala scheme has been done by the National Productivity Council (NPC). The report summarises broad outcomes of the scheme wherein projects have directly contributed to employment generation, improved incomes, improved turnaround times and increased cargo handling capacity of ports. All these measures and interventions have resulted in reduction in logistics costs.
Under Sagarmala scheme, 19 road and rail connectivity projects amounting to Rs. 1,496.97 crore have been sanctioned with the financial support of Rs. 365.56 crore. These projects aim to improve cargo evacuation efficiency and reduce bottlenecks around major ports and other than major ports.
This information was given by the Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal, in a written reply to the Rajya Sabha.
Disclaimer: Curated by HT Syndication.
