Inland Waterways

Cabinet approval to be sought for waterways project by December

  1. What: The Union Shipping Ministry will now seek Cabinet approval for the Jal Marg Vikas project
  2. Why: The National Waterways-1 is being implemented under it
  3. It involves developing a 1,620-km navigable waterway between Haldia and Varanasi
  4. The entire project is expected to facilitate navigation of commercial vessels with capacity upto 2000 tons
  5. West Bengal is expected to be the transportation hub for North East
  6. The World Bank has sanctioned a loan that would fund 50% of the project cost, efforts were on to raise other resources to minimise the loan requirement

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