Search Result for : National Waterways

The Dollar Business Bureau Inida's first waterways project received a financial backing of $375 million from international lender World Bank. The project is meant to create inland waterway for transportation between Haldia and Varanasi, on the 1,360-km stretch of the Ganges river. The loan sanctioned by World Bank covers 45% cost of the project, being undertaken under the Jal Marg Vikas scheme by the Shipping Ministry. The proposed project will facilitate navigation of commercial vessels with a capacity of 1,500-2,000 deadweight tonnage (DWT). Serving the industries on the banks of river Ganga, the new waterway will pass through four states namely Bihar, West Bengal, Jharkhand, and Uttar Pradesh. The industrial cities of Ghazipur, Bhagalpur, Kolkata, Howrah, Patna, Haldia, Allahabad and Varanasi will immensely benefit from this initiative. The development of National Waterway 1 (NW1) will also provide a good ...

The Dollar Business Bureau The Inland Waterways Authority of India (IWAI) has signed an agreement with M/s DST, Germany to design vessels, suited to navigate the 1620 km stretch of the National Waterways 1, as it looks to provide environment-friendly, safe and economic mode of transportation through this highway. “The objective of IWAI is to go along with nature and disturb the river minimally. The specially-designed vessels will navigate on low drafts and will be of high carrying capacity, and most importantly, will be environment friendly,” the Ministry of Shipping said in a statement. Road Transport, Highways and Shipping Minister Nitin Gadkari has for long been emphasising the need to modernise the existing waterways and cultivate the new ones. IWAI’s collaboration with DST, ...

The Dollar Business Bureau IWAI or Inland Waterways Authority of India, has made plans to popularise the Varanasi to Haldia NW1 by introducing multi-modal terminals along the stretch. IWAI is an agency that comes under the Shipping Ministry of India.  Speaking to the reporters, the Chairman of IWAI, Amitabh Verma said the government has planned to set up three terminals at Varanasi for Rs 169 crore, one terminal at Sahebganj, Jharkhand at a cost of Rs 300 crore and one at Haldia for Rs 500 crore. The government also has plans for a new navigation lock to be set up in the feeder canal in Farakka near West Bengal at a cost of Rs 380 crore. Verma expressed that the waterways were not being ...

 The Dollar Business Bureau In a robust move the Road and Transport Ministry has planned to modernise the waterway network and has also declared 111 rivers across the country into national waterways, mentioned in the Bill passed by the Parliament. The total budget for these initiatives has been provided at around Rs.800 crore.  The Road and Transport Minister Nitin Gadkari has emphasised the need to connect the country’s 50,000 kilometres of sea and river fronts as waterways and the Ministry is thinking of new ways to raise almost Rs.70,000 crore for the development of this project.  With an aim to boost national waterways, the government is preparing an action plan and has announced turning the 111 rivers across the country into national waterways, with ...

Source: PTI “We expect the ports to register a profit of Rs.6,000 crore this fiscal,” the Shipping Minister said   Inland waterways can not only boost the movement of goods and passengers across the country, but will also help in saving about Rs.10,000 crore annually in transporting coal, Shipping Minister Nitin Gadkari said on Saturday. The minister, who also holds the charge of Road Transport and Highways, added that he is hopeful of Parliament's nod on the bill to convert 111 rivers across India into National Waterways in the current Winter Session. “Inland waterways will help in saving logistics costs and boost movement of goods and passengers across the country. Besides, they will also save around Rs 10,000 crore per year while ...

The Dollar Business Bureau The government is planning to establish three multi-modal waterport hubs to accelerate shipment of goods within India as well as facilitate trade flows with neighbouring countries. The three waterports will be developed in Sahibganj in Jharkhand, Haldia in West Bengal and Varanasi in Uttar Pradesh, Union Minister of Road Transport and Highways Nitin Gadkari said. “The ministry is working towards establishing a ‘waterport’ – a waterways port – in Sahibganj in the state of Jharkhand that will accelerate import and export of goods between India and Bangladesh,” Gadkari said. Inland waterways make a paltry 3% of the entire transportation in India. China carries 47% of its total transportation through Inland waterways, while the European Union conducts 44% ...

 The Dollar Business Bureau The Bill for declaration of 101 waterways as National Waterways (NW) is going to be introduced in the current Parliament session. This was informed by the Union Minister of Road Transport & Highways and Shipping, Nitin Gadkari, in a Parliamentary Consultative Committee meeting of the Ministry of Shipping, on Thursday. Speaking at the meet, the Union Minister further informed that the developmental process of the waterways found feasible for navigation, would be commenced from 2016-17. The Union Minister also informed about a proposal for establishment of a multimodal grid with road, rail and port connectivity with river terminals, on the existing National Waterways and Barak River. The already-approved Jal Marg Vikas (NW-I) is a component ...

The Dollar Business Bureau In a move towards development of an alternate mode of transport, the Government of India (GoI) gave its nod for enactment of Central legislation for declaring 101 additional Inland Waterways (IW) as National Waterways (NW) for navigation. This decision taken by the Union Cabinet, not only creates a logistic supply-chain with the intermodal connectivity, but also ensures fuel-efficient, cost-effective and environment-friendly mode of transport. The National status for IWs was also expected to have a positive impact on the growth of nation’s Gross Domestic Product (GDP), as the resultant creates new business opportunities in areas of dredging, terminal construction & operation, storage facilities, hydrographic survey, among others. Further, the investments in these business areas will also create ...