Amaravati: Officials told to ground 4 fishing harbour projects

Amaravati: Minister for Fisheries Mopidevi Venkata Ramana while reviewing the status of the proposed fishing harbours in the State under Sagarmala scheme, instructed the officials to ground the four fishing projects at Uppada in East Godavari, Vodarevu in Prakasam, upgradation of fishing harbours at Machilipatnam in Krishna and Nizampatnam in Guntur.

It may be recalled that the Central government issued administrative approval for Rs 288.80 crore with 50 per cent financial assistance of Rs 144.40 crore from CSS-Blue Revolution (25 per cent) and Sagaramala (25 per cent).

The Centre advised the state government to complete the projects in four years.

In addition, the Centre had also accorded sanction for availing Rs 600 crore at the rate of Rs 150 crore for each project. It also requested the State government to enter into a tripartite agreement with Government of India and Nabard.

It was also stated that the balance funds need to be accessed from Nabard Infrastrucutre Development Assistance (NIDA) loan with 10 per cent contribution from the State government.

The Minister instructed the officials to take the concurrence of the Finance department to enter into the tripartite agreement with GOI and NABARD.