The government is going to enter into a tripartite agreement with the Department of Fisheries of the Government of India and the National Bank For Agriculture & Rural Development (NABARD) for sanctioning a Fisheries and Aquaculture Infrastructure Development Fund (FIDF) loan of Rs.450 crore for the construction of three fishing harbours Uppada in East Godavari district, Machilipatnam Phase-II and Nizampatnam Phase-II, according to G.O No. 116 issued by Special Chief secretary (Fisheries) Poonam Malakondaiah. It was stated that each one of the projects will be provided Rs.150 crore. The total project cost is nearly Rs.1,016 crore Uppada Rs.350 crore, Machilipatnam Rs.286 crore and Nizampatnam Rs.379 crore). The Infrastructure and Investment Department is the implementing agency and the Fisheries Department has been permitted to avail NIDA (NABARD Infrastructure Development Assistance) loan for 90% of gap funding (over and above the FIDF loan) to the tune of approximately Rs.509 crore. The government of Andhra Pradesh will be sanctioning Rs.56 crore towards 10% gap funding as its share in the total project cost. Administrative sanction The State government had earlier given administrative sanction for Rs.1,016 crore to take up the three projects and permitted fund-raising from the Government of India for meeting a part of the expenditure, after the Commissioner of Fisheries wrote a letter in May seeking necessary clearances from the State government.