Wednesday, March 2, 2016

New port development policy approved by Maharashtra

Maharashtra govt has given its consent to new maritime policy for port development to create better facilities around 720 km coastal region of the state.
  • Policy covers Greenfield ports, jetties, coastal shipping and inland waterways, shipyards, coastal economic zones and facilitation for maritime projects.
  • The state run Maharashtra Maritime Board (MMB) will be the nodal agencyfor all approvals concerning the port development and related infrastructure.
Government will soon set up Maharashtra Port Connectivity Corporation with the participation of Sagarmala Development CompanyMMB and the state industries department to put in place necessary infrastructure for port development.
  • The individual connectivity project will be implemented through a special purpose vehicle in which Maharashtra Port Connectivity Corporation will be aholding company.

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