The Government of India signed a loan deal
worth $76 million with the Japan International Cooperation Agency (JICA), for a
project to upgrade the environment management plan at Alang-Sosiya ship
recycling yards.
The total cost of the project will be $111
million, out of which $76 million will be provided as a soft loan from JICA.
Out of the remaining amount, $25 million will
be borne by Government of Gujarat and the balance $10 million will be shared by
Ministry of Shipping & Government of Gujarat. The project will be executed
by Gujarat Maritime Board (GMB) and is likely to be completed by 2022.
According to the Indian government, the
project will help the Alang-Sosia ship-recycling yards to comply with
international safety & environmental regulations.
It is hoped that this will attract more
business at the recycling facilities at Alang, thereby further consolidating
India’s share in the global ship-recycling industry.
It is also hoped that the project will also
help in safeguarding the marine and coastal environment. The use of advanced
decontamination technology will rule out the possibility of fire accidents in
oil and chemical tankers, thereby ensuring workers safety.
Source:
hellenic
shipping news. 26 September 2017
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