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News Brief | February 2013

Ministry proposes 50% grant for dredging projects

 The Union Shipping Ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from their internal resources. Based on the recommendations of a committee, headed by Planning Commission Member, BK Chaturvedi, ports need to undertake dredging in order to increase the draft to 14 m in the first phase, and 17 m in the second phase.

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