World Bank approves $ 375 Million loan for developing National Waterway-1

Posted by Daily Shipping Times on 24-04-2017        Tweet

NEW DELHI : In a major boost towards realising Country’s ambitious inland waterways project, the World Bank has approved a $375 million loan for capacity augmentation of National Waterway-1(River Ganga) under Jal Marg Vikas Project (JMVP).

The Government is developing NW-1 (River Ganga) under JMVP from Haldia to Varanasi (1390 Km) with the technical and financial assistance of the World Bank at an estimated cost of Rs 5369 crore. The project would enable commercial navigation of vessels with capacity of 1500-2,000 DWT.

Under the project, there are going to be three multi-modal terminals--one each at Varanasi (Uttar Pradesh), Sahibganj (Jharkhand), and Haldia (West Bengal), two inter-modal terminals- at Kalughat and Ghazipur, a new Navigation Lock at Farakka, five Roll on-Roll off (Ro-Ro) terminals, development of Ferry services at Varanasi, Patna, Bhagalpur, Munger, Kolkata and Haldia and Vessel repair and maintenance facilities.

While the contracts for construction of multi-modal terminals at Varanasi, Sahibganj, and a new Navigation Lock at Farakka have been awarded, and the work at respective sites has commenced, the construction of multi-modal terminal at Haldia will begin soon. The foundation stone for the multi-modal terminal at Sahibganj was laid by the Prime Minister Shri Narendra Modi on 6th April, 2017. In August 2016, the Minister for Road Transport, Highways & Shipping Shri Nitin Gadkari laid the foundation stone for multi-modal terminal at Varanasi.

NW-1 is a waterway of national significance passing through Uttar Pradesh, Bihar, Jharkhand and West Bengal, serving the major cities of Allahabad, Varanasi, Ghazipur, Bhagalpur, Patna, Howrah, Haldia and Kolkata, and their industrial hinterland including several industries located in the Ganga basin. The Rail and Road corridors in this region are heavily saturated. Hence, the development of NW-1 would provide an alternative, viable, economical, efficient and eco-friendly mode of transport. The waterway will act as a catalyst in the socio-economic development of the regions by creating new business and employment opportunities.