SME Times News Bureau | 08 Nov, 2018
Prime Minister Narendra Modi will dedicate to the
nation the newly constructed Multi Modal Terminal on River
Ganga at Varanasi on Monday, November, 12.
This is the first of the three Multi Modal
Terminals and two Inter Modal Terminals being constructed on the river.
The MMTs are being built as part of the
Government’s Jal Marg Vikas project that aims to develop the stretch of River Ganga
between Varanasi to Haldi for navigation of large vessels upto1500-2000
tonnes weight, by maintaining a drought of 2-3 metres in this stretch of
the river and setting up other systems required for safe navigation.
The objective is to promote inland waterways as a
cheaper and more environment friendly means of transport, especially for cargo
movement. Inland Waterways Authority of India (IWAI) is the project
The Jal Marg Vikas Project (JMVP) is being
implemented on the Haldia-Varanasi stretch of National Waterway-1 (NW-1) with
the technical assistance and investment support of the World Bank, at an
estimated cost of Rs. 5,369.18 crores (USD 800 million, of which USD 375 is
IBRD loan) on a 50:50 sharing basis between Government of India and the World
The project entails construction of 3 multimodal
terminals (Varanasi, Sahibganj and Haldia); 2 intermodal terminals; 5 Roll On –
Roll Off (Ro-Ro) terminal pairs; new navigation lock at Farakka; assured depth
dredging; integrated vessel repair & maintenance facility, Differential
Global Positioning System (DGPS), River Information System (RIS), river
training & river conservancy works.
The project of multi-modal terminal and proposed
Freight Village at Varanasi are expected to generate 500 direct employment and
more than 2000 indirect employment opportunities.
Prime Minister will also receive India’s first
container vessel that sailed from Kolkata on 30th October 2018,
carrying cargo belonging to PEPSICO (India) from Kolkata to Varanasi.