Proposed by the Environment Ministry, CCEA chaired by Prime Minister Narendra Modi gave its approval to the restructuring the project which includes revising the cost estimate from Rs 1155.60 crore to Rs 1580.10 crore.
The restructuring will also include the extension of the project period from March 31, 2015 to December 31, 2017 and undertaking pre-project activities and preparation of Detailed Project reports (DPR) for ICZM of ten remaining coastal states and Union Territories.
There has been cost revision during the implementation of the project due to natural calamities such as Phallin, cost escalation, non response bids and others which is why the revised proposal was prepared, sources said.
From the revision, the net total budget earmarked for Gujarat is Rs 387.17 crore, Odisha - Rs 334.86 crore and West Bengal - Rs 335.61 crore while Rs 522.45 crore is for national components.
The states and UTs are Maharashtra, Karnataka, Kerela, Tamil Nadu, Andhra Pradesh, Goa, Puducherry, Andaman and Nicobar Islands, Lakshadweep Islands and Daman and Diu.
The project includes demarcation of the hazard line all along the coastal area which is mapped through the Survey of India and capacity building and institutional development in the coastal area which is being carried out through the National Centre for Sustainable Coastal Management (NCSCM) and Society of Integrated Coastal Management (SICOM).
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