The Government of India has
signed a loan deal worth US $76 million with Japan International Cooperation
Agency (JICA), for a project to upgrade the environment management systems at
the Alang-Sosiya ship recycling yards. The total cost of the project will be
US$ 111 million, out of which $76 million will be provided as soft loan from
JICA. For the remaining amount, US $25 million will come through various
elements of support by the Government of Gujarat and the balance of $10 million
will be shared by Ministry of Shipping and the Government of Gujarat. The
project will be executed by Gujarat Maritime Board (GMB) and is likely to be
completed by 2022.
This project will help the
Alang-Sosiya ship recycling yards to comply with international safety and
environmental regulations. This project is expected to help attract more
business to the recycling facilities at Alang, thereby further consolidating
India’s share in the global ship recycling industry.
This project will also help
to safeguard the region’s marine and coastal environment, through the use of
advanced decontamination technology. Furthermore the investment is expected to
result in an increase in direct employment in the yards from 50,000 to 92,000
people, once the upgrades have been completed.
Source:
the
maritime standard. 01 October 2017
No comments:
Post a Comment