MoS formulates revised scheme to provide financial support for creating infrastructure

The MoS has formulated a revised central sector scheme to provide financial support to major ports, non-major ports and state governments for the creation of infrastructure for cargo and passenger movement by waterways. Financial assistance of up to 50 per cent of the total project cost will be given under the revised scheme, depending on the type of project. The maximum extent of financial assistance will be Rs 250 million for the construction/upgradation of exclusive coastal berths for coastal cargo and passengers, Rs 100 million for the construction of platforms/jetties at national waterways, Rs 150 million for the mechanisation of coastal berths, Rs 500 million for capital dredging at operational non-major ports, and Rs 500 million for the construction of breakwaters at existing and greenfield non-major ports.


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