SME Times is powered by   
Search News
Just in:   • Foreign firms to meet 4 essential conditions to qualify for tax holiday benefits  • After Budget and India-US trade deal, all eyes on RBI’s repo rate decision  • Surat to host south zone VGRC, MSME conclave on April 9-10  • India, Bhutan to further strengthen ties in power sector  • Trump says India-US trade deal reached 
Last updated: 08 Nov, 2018  

Modi.9.Thmb.jpg Modi to dedicate Multi Modal Terminal on Ganga to nation

Modi.9.jpg
   Top Stories
» US tariffs on Indian goods among lowest after trade deal
» Indian rupee trades over 1 pc higher after US trade deal
» US to drop 25 pc tariff linked to India’s Russian oil purchases: White House
» ‘Made in India’ products will now have reduced tariff of 18 pc in US: PM Modi
» Union Budget: Defence soars to Rs 7.85 lakh crore, big bets on electronics, biopharma and railways
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 Implementing Agency

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 Bank.

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.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.2
₹89.5
UK Pound
₹123.35
₹119.35
Euro
₹107
₹103.35
Japanese Yen ₹57.9 ₹56.1
As on 22 Jan, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter