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Status of Port Projects under Gati Shakti
Dr.G.R.Balakrishnan Mar 15 2023 Indian Ports News

Status of Port Projects under Gati Shakti

As many as 101 infrastructure projects valued  over Rs Sixty thousand crores have been identified by the Port and shipping Ministry aimed at development of Multi Modal connectivity under the National Master Plan of  Gati Shakti program Port and shipping Minister Sarbananda Sonawal informed the Rajya Sabha in a written answer on March 14th

Out of these, 13 projects worth Rs. 4,423 Crore have been completed. The state wise list of projects for Ports and shipping sector is annexed.

The department of Expenditure of the Finance Ministry has made an additional provision of rs five thousand crores as special assistance to the states for capital investment for the current financial year. The allocation to the state is made through long term loans at zero interest rate

Ministry of Ports, Shipping and Waterways has undertaken various initiatives for ease of doing business. Incentives such as Model Concession Agreement, flexibility to concessioners, New tariff guidelines have been issued which allows improvement in port performance at Major Ports. However, Under Gati Shakti there is no envisaged structure related to additional incentives to any high performing port.