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Union Minister Nitin Gadkari says Centre to invest Rs 25,000 crore in inland waterways & ports

Announcing the Centre’s plans to inject Rs 25 lakh crore to strengthen inland waterways, ports and rail-road links, Union Minister Nitin Gadkari on Friday said these projects will create four crore jobs as the focus of the NDA government is to uplift the poor.

“Our aim is to develop rail-road connectivity, inland waterways and ports. A host of projects are being taken up to achieve this at an investment of Rs 25 lakh crore,” said Transport Minister Nitin Gadkari, who was in the state for the celebrations of two years of Modi-led NDA government.

While works involving Rs 2.5 lakh crore have already been taken up, projects worth Rs 5 lakh crore would be kicked off shortly, the minister said adding all these projects undertaken would generate around four crore employment for the youth.

Stating that both road and rail connectivity to ports was the key to speedy economic growth, he said an amount of Rs 8 lakh crore would be invested for development of the port sector to make transportation of goods and raw materials for industries cost effective.

The 12 public ports in the country have made an overall profit of Rs 6,000 crore this year and the government aims to raise the profit up to Rs 35,000-40,000 crore in four years, the minister said.

Describing connectivity between mineral belts and ports important for development, Gadkari said a sum of Rs 4 lakh crore would be spent for the development of port-rail connectivity.

Similarly, an investment of around Rs 15 lakh crore would be made for development of the highway sector, which plays a crucial role for economic growth, the Minister said.

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