(a) whether the funds allocated in the approved Plan outlay for the year 2005-06 for the development of Mangalore Port has been released; and
(b) if not, the reasons therefor and the time by which the amount is likely to be released?
(a) whether the funds allocated in the approved Plan outlay for the year 2005-06 for the development of Mangalore Port has been released; and
(b) if not, the reasons therefor and the time by which the amount is likely to be released?
MINISTER OF SHIPPING, ROAD TRANSPORT AND HIGHWAYS(SHRI T.R. BAALU)
(a) & (b): The approved annual plan outlay of New Mangalore Port for the year 2005-06 amounting to Rs.26 crores is to be funded from internal resources of the Port. Release of funds from any othersource is thus not required. An expenditure of Rs. 9.63 crores has been made till November, 2005 andthe outlay is proposed to be revised to Rs.18.00 crores based on actual requirement.