The Maharashtra Coastal Zone Management Authority (MCZMA) has approved a Rs300 crore proposal, partly funded by the World Bank, to protect fragile coastlines and create sustainable management of coastal and marine resources in Sindhudurg and Ratnagiri. While the World Bank will finance 50% of the project cost, the central government (30%) and Maharashtra state government (20%), will contribute the rest. The project, under the Integrated Coastal Zone Management Project (ICZMP), was developed in West Bengal, Odisha and Gujarat as pilot projects between 2011 and 2016, at a total cost of over Rs1,200 crore. It will further require a final nod from the World Bank before implementation,” said Gavai. “This is a scheme that combines economics with ecology, and it was a huge success for Gujarat, West Bengal and Odisha.

Source: Hindustan Times January 25, 2018 17:26 UTC