Posted on October 12, 2015
By Ramadas Rao, IHS Maritime 360
Capital dredging works on an unprecedented scale is on the cards as the Indian government pushes its ambitious Sagarmala project that will see regional economic clusters centred on port development.
“The proposed integration of coastal and inland waterways for faster and more eco-friendly movement of cargo along India’s sea and river ports will open up huge opportunities for dredging,” Captain Sudhir V Subhedar, former president of Indian Coastal Conference (ICC) Shipping Association told IHS Maritime.
The government is keen to include private and foreign partners for the project, for which annual expenditure for the first phase for the year ending 31 March 2016 is estimated to be close to INR7 billion (USD106 million).
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