Shipping Ministry appoints Consultancy KPMG for market development of National Waterways 1

Posted by Daily Shipping Times on 23-02-2018        Tweet

NEW DELHI: Consultancy firm KPMG has been appointed by the Inland Waterways Authority of India (IWAI) for asset management and market development of National Waterways 1, the Haldia-Varanasi stretch of the waterway on the River Ganga.

“KPMG will study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded Jal Marg Vikas Project (JMVP). This framework will include various institutional and operational models ranging from outsourcing to Special Purpose Vehicle (SPV) formulation with participating States and other authorities like Railways and Ports,” read IWAI’s statement.

As per the plans, the consultancy firm will also assist in developing a business plan for market development along the waterway and also for suitable cost recovery and tariff realization mechanism.

It has also been given charge to assess and develop a plan for Multimodal Logistics Park near the Multimodal Terminals being built under at Varanasi, Sahibganj, and Haldia. These Multimodal Logistics Parks will act as freight aggregation and disaggregation centers and promote a hub-and-spoke model of freight movement.

“Other broad scope of the study will include gathering market intelligence and reviewing cargo potential and cargo projections, developing a business and execution plan for marketing and commercial development and organize roadshows to generate investment awareness in Public-Private Partnership projects,” IWAI added.

NW-1 will help in connecting the States of Uttar Pradesh, Bihar, Jharkhand and West Bengal apart from facilitating inland waterway connectivity between the mainland India and the North-Eastern States.