Monday, July 11, 2016

Sagarmala is creating new waves

As discussed in an earlier article, the flagship project of ‘Ministry of Shipping’ – Sagarmala - is making headway. It might take some time to reap the benefits.

As per latest government reports, state government of Odisha has confirmed a 10% equity participation in SPV (Special Purpose Venture) of Indian Port Rail Corporation (IPRCL). IPRCL’s SPV is for the development of heavy haul rail corridor from Salegaon to Paradip port. This will give connectivity for transportation of Coal from Mahanadi Coalfields Ltd (MCL) via eastern shores of India to Southern Indian states. It will also serve the industrial clusters of Jharsuguda-Sambalpur, Angul-Talcher-Dhenkanal, Kalinganagar Steel Hub, and industrial area in and around Paradip Sea Port.

There are a lot of benefits to reap from Sagarmala,
1. Freeing up roadways for other essential transportation
2. More investments to build sea ports and associated infrastructure.
3. Less pollution on roads
4. Less transportation cost in long run

and there are more.

Wishing all the best for Sagarmala.

PS: Facts not to forget here,
1. Murmagao Port handled a total traffic of 16.99 lakh tonnes during the month of June, 2016 (against 11.63 lakh tonnes handled in June, 2015) registering a growth of 46 %
2. Traffic handled from April 2016 to June, 2016 by the port was 84.62 lakh tonnes as compared to 41.39 lakh tonnes handled during the corresponding period last year, which is a growth of 104%.
3. Main reason for growth is surge in iron ore and coal exports.

4. Container traffic increased by 31%
5. General cargo by 8%.

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