MPEDA Proposes Rs 2500 crore Project for Upgrading 25 Fishing Harbours

The Marine Products Export Development Authority (MPEDA) has proposed the upgradation and modernisation 25 fishing harbours in the country at an estimated outlay of Rs 2500 crore with the assistance of the Centre.
Under the project, two harbours namely Thoppumpady in Kochi, Kerala and Nizampatnam in Andhra Pradesh would be developed into harbours of international standards in the first phase of the modernisation programme.
The project includes preparation of the detailed project report (DPR) for harbour modernisation, the work for which has been entrusted to Ernst and Young.
After getting approval for the DPR a special vehicle vehicle (SPV) will be formed to implement the project.
It is expected that each harbour would require around Rs 100 crore for the upgradation.