Inland Waterways Authority of India has engaged KPMG for Jal Marg Vikas Project

The Inland Waterways Authority of India (IWAI) has engaged KPMG,  a reputed consultant, to study and devise a framework for operationalization and maintenance of the assets being built on National Waterways-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.

Reasons behind consultant appointment

  • According to the Shipping Ministry, optimum and sustainable utilization of assets so developed, would not be achievable without an asset management and operation framework.
  • The consultant will also help in developing the business plan for market development on NW-1 for suitable cost recovery and tariff realization mechanism.
  • It will assess to 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 centres 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 PPP projects.

About Jal Marg Vikas Project 

  • The Cabinet Committee on Economic Affairs had approved the implementation of the Jal Marg Vikas Project  for capacity augmentation of navigation on the Haldia-Varanasi stretch of National Waterway-1  (Ganga) on 3rdJanuary, 2018.
  • The prominent assets being procured and built under JMVP will be ready by 2018-19.
  • The JMVP is being implemented by the Inland Water Authority of India with  technical assistance and investment support of the World Bank.
  • The project  is expected to boost  the Inland Waterway Transport  on NW-1,  create/improve integration opportunities with road and rail transport,  promote economic growth in the states of Uttar Pradesh, Bihar, Jharkhand & West Bengal and facilitate inland waterway connectivity between mainland India and North-Eastern States .
  • -The development and operations of the NW-1 is estimated to create direct employment of 46,000 persons and indirect employment of 84,000 persons in Uttar Pradesh, Bihar, Jharkhand and West Bengal.

About The Inland Waterways Authority of India (IWAI)

  • The Inland Waterways Authority of India (IWAI) came into existence on 27th October 1986 for development and regulation of inland waterways for shipping and navigation.
  • The Authority primarily undertakes projects for development and maintenance of IWT infrastructure on national waterways through grant received from Ministry of Shipping.
  • The head office of the Authority is at Noida. The Authority also has its regional offices at Patna, Kolkata, Guwahati and Kochi and sub-offices at Allahabad, Varanasi, Bhaglapur, Farakka, Hemnagar, Dibrugarh (Assam), Kollam, Bhubaneswar (Odisa)  and Vijayawada(A.P.).
  • India has about 14,500 km of navigable waterways which comprise of rivers, canals, backwaters, creeks, etc

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