Govt to spend R50k cr on wa­ter-front de­vel­op­ment

The Financial Express - - ECONOMY - Varanasi, Aug 12

IN­DIA is poised to har­ness its 20,000 km of river fronts and 7,500 km of coast­line with an ini­tial in­vest­ment of R50,000 crore, Union min­is­ter Nitin Gad­kari said in Varanasi on Fri­day. Flag­ging off the trial run of two ves­sels car­ry­ing Maruti Suzuki cars and con­struc­tion ma­te­rial. The two ves­sels — 1,400 tonne ca­pac­ity MV Joy Ba­sudev and 300 tonne ca­pac­ity MV VV Giri — were flagged off from the Aghore­sh­war Bhagwan Ram Ghat, Varanasi.

Na­tional Water­way-1 is be­ing de­vel­oped un­der the Jal Marg Vikas Project with as­sis­tance from the World Bank at an es­ti­mated cost of R4,200 crore and would en­sure com­mer­cial nav­i­ga­tion of higher ton­nage ves­sels on 1,620 km stretch on Ganga from Varanasi to Hal­dia. “Wa­ter­ways will prove to be UP’s growth engine. We are har­ness­ing our 20,000 km of river front and 7,5000 km coast­line with an ini­tial in­vest­ment of R50,000 crore,” Gad­kari said.


The an­nounce­ment was made by Union min­is­ter Nitin Gad­kari

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