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Government extends period of Coastal Berth Scheme
November 5 , 2017
2623 days
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- The Ministry of Shipping has extended the period of the Coastal Berth scheme of the flagship Sagarmala Programme for three years.
- The projects under the Scheme are distributed over eight states with the highest number of projects in Maharashtra, Andhra Pradesh & Goa.
- The Coastal Berth Scheme aims to provide financial support to ports or state governments for creation of infrastructure for movement of cargo and passenger by sea or national waterways.
- The admissible financial assistance from Central Government is 50% of the total cost of the project.
- The balance expenditure has to be incurred by the respective ports, concerned State Governments from their own resources.
- The scheme aims to promote coastal shipping and increase its share in domestic cargo movement in India.
- The Sagarmala project seeks to develop a string of ports around India’s coast.
- The objective of this initiative is to promote “Port-led development” along India’s 7500 km long coastline.
- Three key components of Sagarmala project are port modernization, efficient evacuation Systems and Coastal economic development.
- The Ministry of Shipping is nodal ministry for this initiative.
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