India Sanctions Funding for Kolkata Port Maintenance Dredging
India’s Finance Ministry has approved INR 4.31 billion (approx. US$45 million) in funding for dredging operations by the Syama Prasad Mookerjee Port Authority (SMPA) in Kolkata for FY 2024-26. Total costs are projected at INR 7.64 billion, necessitating SMPA to cover the remaining INR 3.34 billion amid ongoing siltation challenges.
















