Explanation:

More than 150 sq. km. of land is being made available for Phase I of a NITI Aayog-piloted ‘holistic’ and ‘sustainable’ vision for Great Nicobar Island, the southernmost in the Andaman and Nicobar group.

• This amounts to nearly 18% of the 910 sq. km. island, and will cover nearly a quarter of its coastline. The overall plan envisages the use of about 244 sq. km. — a major portion being pristine forest and coastal systems.
• Projects to be executed in Phase I include a 22 sq. km. airport complex, a transshipment port (TSP) at South Bay at an estimated cost of ?12,000 crore, a parallel-to-the-coast mass rapid transport system and a free trade zone and warehousing complex on the south western coast.
• In mid-2020 the Andaman and Nicobar Islands Integrated Development Corporation (ANIIDCO) was designated as the nodal agency for the process.
• In January, 2021, the Standing Committee of the National Board for Wildlife (NBWL) denotified the entire Galathea Bay Wildlife Sanctuary to allow for the port there.
• Nicobar megapode is the globally endangered bird unique to the Nicobars.
• Threat to Shompen community: The proposed project areas are important foraging grounds for this hunter-gatherer nomadic community.

Hence both statements are correct.