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Shipping ministry seeks Rs 23.5 billion to fund inland waterway projects

The allocation for FY19 was Rs 18.81 billion. Of this, nearly one-fourth or Rs 5.08 billion was earmarked for implementation of such inland waterway projects

Megha Manchanda  |  New Delhi 

The Union Shipping Ministry has sought about Rs 23.5 billion in the budgetary allocation from the finance ministry — an increase of 25 per over last year.

This is to primarily fund the inland waterway projects. “A major share of the allocation would be spent on the inland waterways programme as the government aims to project waterways as a cleaner and efficient mode of transportation,” a senior official of the ministry said. The remaining would be spent on the Sagarmala programme to promote port-led direct and indirect development, provide infrastructure for ...

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First Published: Wed, November 21 2018. 05:30 IST
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