Jal Marg Vikas Project Current Affairs

PM inaugurates country’s first multi-modal terminal constructed on river Ganga in Varanasi

Prime Minister Narendra Modi inaugurated India’s first Inland Multi-Modal Terminal Port on river Ganga at Ramnagar in Varanasi and received first container cargo belonging to PepsiCo. It is the first of four Multi-Modal Terminals being constructed on National Waterways-I (NW1) on River Ganga as part of World Bank-aided Jal Marg Vikas project of Inland Waterways Authority of India (IWAI). The other three terminals are under construction at Sahibganj, Haldia and Gazipur. It enable commercial navigation of vessels with capacity of 1500-2,000 DWT on river Ganga.

Background

The Jal Marg Vikas Project (JMVP) was approved in January 2017 for capacity augmentation of navigation on NW-1. It was approved at a cost of Rs 5369.18 crore with technical assistance and investment support of World Bank. Following this, IWAI in February 2018 had signed project agreement with World Bank for Jal Marg Vikas Project. World Bank provided $375 million loan for the project.

Jal Marg Vikas Project (JMVP)

The project aims to enable commercial navigation of vessels with capacity of 1500 – 2000 tons on NW1. It includes development of fairway, multi-modal terminals at Varanasi, Haldia and Sahibganj, modern River Information System (RIS), strong river navigation system, Digital Global Positioning System (DGPS), night navigation facilities, construction of navigational lock at Farakka. It will result in environment-friendly, fuel-efficient and cost-effective alternative mode of transportation, especially for bulk, hazardous goods and over-dimensional cargo. Its development and operations will provide direct employment generation to 46000 people and indirect employment of 84000 in states of Bihar, Uttar Pradesh, Jharkhand, West Bengal.

Month: Categories: India Current Affairs 2018

Tags:

CCEA approves implementation of Jal Marg Vikas Project on NW-1

The Cabinet Committee on Economic Affairs (CCEA) has approved implementation of Jal Marg Vikas Project (JMVP) for capacity augmentation of navigation on 1,380-km Haldia-Varanasi stretch of National Waterway-1 (NW1) on Ganga River.

The project will be implemented at a cost of over Rs. 5,370 crore rupees with the technical assistance and investment support of the World Bank. It is expected to be completed by March, 2023.

Jal Marg Vikas Project (JMVP)

JMVP was announced by Government in 2014-15 Budget to enable commercial navigation of at least 1500 tonne vessels on the Ganga river. The project envisages the development of waterway between Allahabad and Haldia on Ganga River that will cover a distance of 1620 km.

The project covers Uttar Pradesh, Bihar, Jharkhand and West Bengal. The major districts under its ambit are Varanasi, Ballia, Ghazipur, Chhapra, Buxar, Patna, Vaishali, Khagaria, Begusarai, Munger, Bhagalpur, Sahibganj, Murshidabad, Pakur, Hooghly and Kolkata.

The project aims to develop a fairway with three metres depth to enable commercial navigation of at least 1500 tonne vessels on the river. It also includes the development of fairway, multi-modal terminals, strengthening of open river navigation technique, conservancy works, modern River Information System (RIS) etc.

The World Bank has provided technical assistance and financial support to the project. Besides, WB’s lending arm International Bank for Reconstruction and Development (IBRD) will provide loan of Rs 2, 512 crore for the project. Union government provide Rs 2,556 crore from budgetary allocation and proceeds from bond issue. Moreover, private sector participation under Public-Private Partnership (PPP) mode will provide Rs.301 crore.

Major Impact

Development and operations of NW1 will provide alternative mode of environment friendly and cost effective transport mode. The project will contribute in bringing down the logistics cost in the country and reduce traffic burden and congestion on roads and railways. It will result into mammoth infrastructure development like multi-modal and inter-modal terminals, Roll on-Roll off (Ro-Ro) facilities, ferry services, navigation aids. It will also give impetus to socio-economic development and result in employment generation.

Month: Categories: India Current Affairs 2018

Tags: