The Ministry of Shipping will award contracts worth nearly Rs 72,000 crore under the Sagarmala Programme in the 2018-19 fiscal, a senior government official said today.
"In 2017-18, projects worth Rs 27,986 crore had been awarded, and in the current fiscal, projects worth Rs 71,868 crore will be awarded," the ministry's Joint Secretary K K Aggarwal said at a BCCI-organised maritime and logistics workshop here.
The number of projects that will be awarded would be 196 in the financial started April against 69 projects in 2017-18.
The Sagarmala Project proposes to develop new ports and modernise the existing ones, along with projects focused on road and railway connectivity.
Meanwhile, Aggarwal said the techno-economic feasibility report (TEFR) is being prepared for the Tajpur port, and it would take two-three months to complete.
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