The Andhra Pradesh government has received a shocker with the central government flatly refusing to provide financial support to the prestigious Sagaramala project, which needs about Rs 25,000 crore. The AP government will now be forced to scout for funds from other sources.
Sagaramala is a series of projects aimed at improving the coastline and inland waterways to give impetus to industrial development. It is expected to reduce the cost and time for transport of goods through waterways. AP has the second longest coastline extending over 974 km.
The AP government has been seeking funds for the project which included funding for six new fishing harbours.