Major Boost for Andhra Pradesh Ports with Rs 3,300 Crore Investment

The Ministry of Ports, Shipping and Waterways has received 29 new proposals worth Rs 3,300 crore for various projects in Andhra Pradesh, including port development and coastal berths. Out of these, 13 projects valued at Rs 2,500 crore are already sanctioned under the Sagarmala scheme. Additionally, Visakhapatnam Port Authority and IWAI are implementing further investments in the region.

The Ministry of Ports, Shipping and Waterways has announced the receipt of 29 new proposals totaling Rs 3,300 crore from Andhra Pradesh, focusing on port development and coastal berths. This information was shared with the Parliament on Friday.

Responding to a query in the Lok Sabha, Ports, Shipping and Waterways Minister Sarbananda Sonowal stated that 13 projects in Andhra Pradesh, valued at approximately Rs 2,500 crore, are currently receiving financial backing under the Sagarmala scheme.

The funded projects include Ro-Pax and passenger jetties, fishing harbors, port modernization, and skill development. The ministry has already allocated Rs 450 crore for these ventures, Sonowal noted.

Furthermore, the Visakhapatnam Port Authority and Inland Waterways Authority of India (IWAI) have embarked on 36 projects in Andhra Pradesh with a combined investment of Rs 4,600 crore. Of these projects, 22 worth Rs 2,530 crore have been completed, and 14 projects valued at Rs 2,070 crore are in varying stages of progress, he added.

(With inputs from agencies.)