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Ministry of Finance gives nod to two projects in Lakshadweep

Thursday, 25 Jan 2024
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The Ministry of Finance has granted preliminary approval for two projects of Rs 200 crore in Lakshadweep. This comprises the development of western side port facilities at Kadamat Island and the development of western side port facilities at Kalpeni Island, and would be completed in a timeline of two years.

While the port facilities at Kadamat Island will cost Rs 107.86 crore, development of western side port at Kalpeni Island is estimated to cost Rs 139.96 crore. In terms of revised Sagarmala funding guidelines, Union Territory of Lakshadweep Administration (UTLA) will proceed with the required clearances and initiate the tendering process. After this the bidding process will begin.

With the green signal given to the  two projects, the government has taken a forward-looking step to enhance the allure of Lakshadweep for tourists.

 
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