Team Herald
PANJIM: The State government will receive Rs 929.96 crore for 12 various projects under PM Gati Shakti National Master Plan and aims at facilitating development of multi-model connectivity infrastructure to various economic zones including ports and shipping sector.
As many as 101 projects in respect of ports and shipping have so far been identified under PM Gati Shakti initiative worth Rs 60,872 crore for implementation. Out of these, 13 projects worth Rs. 4,423 crore have been completed.
The Ministry of Ports, Shipping and Waterways has undertaken various initiatives for ease of doing business. Incentives such as Model Concession Agreement, flexibility to concessioners, New tariff guidelines etc have been issued which allows improvement in port performance at Major Ports. However, Under PM Gati Shakti there is no envisaged structure related to additional incentives to any high performing port.
For enhanced capital expenditure by States for infrastructure development, the Ministry of Finance, Department of Expenditure through part-II(for PM-Gati Shakti related expenditure) of the ‘Scheme for Special Assistance to States for Capital Investment for 2022-23’ has made an additional provision of Rs 5,000 crore for disbursement among the States as long term loans at a zero interest rate.
