India's Sagarmala Program: 415 Projects, $120 Bln Investment

Indian Prime Minister Narendra Modi. Photo: PIB

By Aiswarya Lakshmi

Under India's prestigious Sagarmala Programme, 415 projects, at
an estimated investment of approximately INR 8 Lac Crore (USD
120 Bln) , have been identified across port modernization &
new port development, port connectivity enhancement, port-linked
industrialization and coastal community development for phase
wise implementation over the period 2015 to 2035.

As per the approved implementation plan of Sagarmala Programme,
these projects are to be taken up by the relevant Central
Ministries/Agencies and State Governments preferably through
private or public-private partnership (PPP) mode.

As part of the Sagarmala Programme, 6 new port locations have
been identified, namely - Vadhavan, Enayam, Sagar Island, Paradip
Outer Harbour, Sirkazhi and Belekeri.

Increasing the share of coastal shipping and inland navigation
in the transport modal mix is one of the key objectives of the
Sagarmala Programme.

In order to equip ports for movement of coastal cargo, the scope
of coastal berth scheme has been expanded and merged with
Sagarmala Programme.

Under the scheme, the financial assistance of 50% of project
cost is provided to Major Ports/State Governments for
construction of Coastal Berths, Breakwater, mechanization of
coastal berths and capital dredging. Rs. 152 Cr has been released
for 16 projects under this scheme. In addition, Cabotage has
been relaxed for a period of 5 years for specialized vessels like
RO-RO, RO-PAX etc.

To augment transhipment capacity in the country, Vizhinjam
(Kerala) and Enayam (Tamil Nadu) are being developed as
transhipment ports.

Vizhinjam is being developed as transhipment hub under PPP mode
by Government of Kerala with Viability Gap Funding from
Government of India. In principle approval has been obtained for
setting up a Major Port at Enayam and its DPR is under
preparation.

Mar 9, 2017

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