Assam Inland Water Transport Project
Posted on : 22 Jan 2020Views: 257
- The Government of India, the Government of Assam and the World Bank signed a loan agreement of $88 million to help modernize Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra.
- A majority of Assam’s more than 361 ferry routes cross the Brahmaputra or serve its islands, providing a crucial means of transport to thousands of commuters in both the urban and rural areas of the Brahmaputra Valley.
- The Assam Inland Water Transport Project (AIWTP) will help Assam improve the passenger ferry infrastructure and its services and strengthen the capacity of the institutions running the inland water transport. Technically better designed terminals and energy-efficient vessels (both new and retrofitted) will make the ferry services more sustainable with least disruption to nature.
- Its fuel efficiency contributes to lower operating costs and reduces environmental impact. In Assam, the rivers are a vital transport asset for its people. The Assam Inland Water Transport Project will help develop a modern, efficient and safe river transport system for the large volume of passengers and cargo carried by the vessels.
- Assam has the largest network of navigable waterways in India. With World Bank support, the government is creating an institutional framework that will mainstream Inland Waterways as a mode of transport that is both attractive and well-suited to a wide cross-section of people living in the Brahmaputra Valley of Assam.
- The Assam Shipping Company (ASC) will operate the government ferries and the Assam Ports Company (APC) will provide terminals and terminal services on a common-user basis to both public and private ferry operators.
- Inland Water Transport is also a more sustainable mode of transport. It provides low-carbon and low-cost options when compared to the cost of constructing and maintaining flood-resilient roads and bridges across the long stretches of the Brahmaputra river.
- The project will also help build modern ferry terminals. In doing so, the project will draw guidance from ‘working with nature’ principles that aim to design new infrastructure or rehabilitate existing infrastructure in a way that works with natural river processes.
- Loan of $88 million from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 14.5 years including a grace period of five years.
Article Related Questions
Consider the following statements regarding Assam Inland Water Transport Project
1.The loan would be provided by the World Bank for the project
2.Assam has the largest network of navigable waterways in India.
Which of the following statements is/are correct?
3.Both 1 and 2
4.Neither 1 nor 2
Right Ans : Both 1 and 2