PM Gati Shakti: 101 projects valued at Rs 60,872 Cr have been identified under Ports and Shipping

A total of 101 projects related to ports and shipping have so far been identified for implementation under PM Gati Shakti’s initiative worth Rs 60,872 crore. Of these, 13 projects valued at Rs 4,423 crore have been completed.

Among the states, Gujarat has a maximum of 19 projects with an estimated cost of Rs 20399.15 crore.

Maharashtra and Andhra Pradesh have 13 projects with estimated costs of Rs 9955.85 crore and Rs 5871.05 crore respectively.

PM Gati Shakti National Master Plan (NMP) is a transformative approach for integrated and holistic planning in concerned ministries/departments to improve multimodal connectivity and logistics efficiency and close critical infrastructure gaps for seamless movement of people and goods, with a focus on minimizing disruptions and ensuring projects are completed on time.

The NMP aims to facilitate the development of multimodal connectivity infrastructure to different economic zones including ports and shipping sector.

For increased capital expenditures by states for infrastructure development, the Ministry of Finance, Department of Expenditure, Part II (for expenditures related to PM-Gati Shakti) of the “Scheme for Special Assistance to States for Capital Investment for 2022-23” has made an additional provision of Rs 5000 crore to be disbursed among the states as long term loans at zero interest rate.

The Department of Ports, Shipping and Waterways has taken various initiatives to make doing business easier.

Incentives such as model concession contracts, flexibility for concessionaires, new tariff policies, etc. have been issued that allow port performance improvement in major ports. However, no structure is envisaged under PM Gati Shakti in terms of additional incentives for high-performing ports.

This information was given by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal in a written reply to Rajya Sabha on Tuesday

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