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95,000 crore for state’s ports: Gadkari

mumbai Updated: Jun 04, 2016 11:25 IST

MUMBAI: Nitin Gadkari, union minister for Shipping said on Friday that Maharashtra would get Rs 95,000 crore from the Central budget earmarked for port related projects.

Addressing a video-link press conference of coastal states from Mumbai on Friday, Gadkari said the projects include two expressways connecting the Ahmedabad –Mumbai industrial corridor and the Sanathnagar Industrial cluster near Hyderabad with the Jawaharlal Nehru Port in Navi Mumbai, costing Rs 18,000 crore and Rs 22,000 crore respectively. A new green field port is being set up at Wadhavan near Dahanu with an investment outlay of Rs 9,300 crore, he said.

Gadkari announced that as part of the port-based industrialization programme a steel cluster will come up in the Southern Maharashtra-Goa region with an investment potential of Rs10,500 crores. He said that the budget share of water transport has now reached 6% from the 3.5 % of the previous government.

He said that Rs 17,242 crore and Rs 31,392 crore would be spent on port development and port-led industrialization while Rs 45,757 crore would be spent on port connectivity.

First Published: Jun 04, 2016 11:25 IST