Proposed infrastructure includes multimodal & intermodal terminals, RoRo facilities
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, has given its approval for implementation of the Jal Marg Vikas Project (JMVP) for capacity augmentation of navigation on National Waterway-1 (NW-1) at a cost of Rs 5,369.18 crore with the technical assistance and investment support of the World Bank. The project is expected to be completed by March 2023.
Major impact
- Alternative mode of transport that will be environment-friendly and cost-effective. The project will contribute in bringing down logistics cost in the country.
- Mammoth infrastructure development like multimodal and intermodal terminals, Roll on-Roll off (RoRo) facilities, ferry services, navigation aids.
- Socio-economic impetus, huge employment generation.
No. of beneficiaries
NW-1 development and operations will lead to direct employment generation to the tune of 46,000 and indirect employment of 84,000 will be generated by the vessel construction industry.
States/districts covered
States: Uttar Pradesh, Bihar, Jharkhand, West Bengal
Major Districts: Varanasi, Ghazipur, Ballia, Buxar, Chhapra, Vaishali, Patna, Begusarai, Khagaria, Munger, Bhagalpur, Sahibganj, Musrhidabad, Pakur, Hooghly, Kolkata
Funding pattern
- IBRD loan component: Rs 2,512 crore ($ 375 million)
- Government of India counterpart funds: Rs 2,556 crore ($ 380 million), to be sourced from budgetary allocation and proceeds from bond issue.
- Private sector participation under PPP mode: Rs 301 crore ($45 million)
Major components
i. Fairway development
ii. Construction of multimodal terminal at Varanasi
iii. Construction of multimodal terminal at Sahibganj
iv. Construction of multimodal terminal at Haldia
v. Construction of intermodal terminal at Kalughat
vi. Construction of intermodal terminal at Ghazipur
vii. Construction of new navigation lock at Farakka
viii. Provision of navigational aids
ix. Construction of five pairs of Roll on-Roll off (RoRo) terminals
x. Construction of integrated ship repair and maintenance complexes
xi. Provision of River Information System (RIS) and Vessel Traffic Management System (VTMS)
xii. Bank protection works
