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of <h1>Deep-Sea Port Project Secures Rs. 817.80 Crore Funding Through Public-Private Partnership with Loan Mechanism</h1> A government consortium signed a Memorandum of Understanding for a Viability Gap Funding of Rs. 817.80 crore for a deep-sea port project. The state government agreed to accept the funding as a loan after unsuccessful attempts to secure it as a grant. The port, developed through a public-private partnership, has already handled over 6 lakh TEUs and is considered one of the best in the country. Rail and road connectivity are expected to be completed by 2028.
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