Home / News / India /  Govt identified 101 projects worth 60,872 cr under PM Gati Shakti plan: Sonowal

New Delhi: The Ministry of Ports, Shipping and Waterways has identified 101 projects worth 60,872 crore under the PM Gati Shakti National Master Plan to enhance port connectivity with consumption and production centres, union minister Sarbananda Sonowal said on Tuesday.

“Out of these, 13 projects worth 4,423 crore have been completed," he said in a written reply in the Rajya Sabha.

Among the states, Gujarat has a maximum 19 projects with an estimated cost of 20399.15 crore. Maharashtra and Andhra Pradesh have 13 projects each with an estimated cost of 9955.85 crore and 5871.05 crore respectively.

PM Gati Shakti National Master Plan (NMP) is a transformative approach for integrated and holistic planning across concerned Ministries/Departments to improve multimodal connectivity, logistics efficiency and to address critical infrastructure gaps for seamless movement of people and goods, with focus on minimising disruptions and ensuring timely completion of projects.

The NMP aims at facilitating development of multi-modal connectivity infrastructure to various economic zones including Ports and Shipping sector.

For enhanced capital expenditure by states for infrastructure development, the Ministry of Finance, Department of Expenditure through part-II (for PM-Gati Shakti related expenditure) of the “Scheme for Special Assistance to States for Capital Investment for 2022-23" has made an additional provision of 5000 crore for disbursement among the states as long term loans at a 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 etc, have been issued which allows improvement in port performance at Major Ports. However, Under PM Gati Shakti there is no envisaged structure related to additional incentives to any high performing port.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Recommended For You
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout