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Sagarmala investment target raised by Rs one trillion

Tuesday, 10 May 2022

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The Centre has expanded the Sagarmala Programme by adding 735 new projects worth an over Rs one trillion.

With this, a total of 1,537 projects worth Rs 6.5 trillion are to be developed under the programme, that aims at reducing logistics costs for both domestic and export-import cargo.

Of the projects approved by an inter-ministerial committee, 567 projects entailing investments of Rs 58,700 crore are for coastal area development to bridge the gaps in infrastructure at the coastal areas.

Apart from this, the remaining 168 projects worth Rs 41,300 crore are primarily for improving connectivity.

As many as 202 projects worth Rs 99,281 crore have been completed till now. More than 200 projects worth Rs 2.12 trillion are under construction and expected to be completed within the next two years.