Assam: World Bank, Centre sign $88 mn loan agreement for Inland Water Transport
First Published: 17th January, 2020 16:08 IST
The central government, Assam government and the World Bank signed a loan agreement of USD 88 million here on Thursday to help modernise Assam’s passenger ferry sector that runs on
The central government, Assam government and the World Bank signed a loan agreement of USD 88 million here on Thursday to help modernise Assam’s passenger ferry sector that runs on its rivers including Brahmaputra.
A Finance Ministry release said 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 institutions running the inland water transport, the release said.
“Technically better-designed terminals and energy-efficient vessels (both new and retrofitted) will make the ferry services more sustainable with least disruption to nature,” the release said.
The release said Assam government has taken the challenge of modernising ferries sector which, though vital to the state, remains largely informal.
The project will support the Assam government’s efforts to corporatise its own ferry activities.
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.
(ANI)
COMMENTS
TOPMOST STORY NOW
Live Assam Bypolls: CM Himanta Biswa Sarma Confident of BJP Winning 4 of the 5 Seats
05th November 2024Live Protest Over Closure Of A Gate In Dibrugarh Turns Violent
05th November 2024Live Weather update in NE, India and neighbourhood today
05th November 2024Live 5 Bangladeshis Arrested Trying to Enter India Through Tripura, 3 Indians Arrested For Helping
05th November 2024WE RECOMMEND
Karbi Anglong Police Seize Rs 8 Crore Worth of Heroin, Arrest Two Suspects
The operation resulted in the confiscation of approximately 1,140.58 grams of heroin, with an estimated value of Rs. 8 crore.
05th November 2024Tragic: Assam Man and His Friend Crushed To Death In Road Accident While Travelling To Shillong
The duo was travelling on a motorcycle from Guwahati towards Shillong when they were crushed under the wheels of a truck on National Highway 6
03rd November 2024Bodoland Comes to Delhi to Showcase Cultural Heritage and Tourism Potential
The Bodoland Mohotsav celebrates the restoration of peace in the Bodoland region following the historic Bodo Peace Accord
03rd November 2024Assam: BJP Worker Allegedly Attacked by Unidentified Miscreants in Samaguri Ahead of By-poll
BJP worker identified as Akbar Ali was attacked by unidentified miscreants while he was returning home from market
03rd November 2024Undertrial Prisoner Who Escaped From Morigaon District Jail Nabbed in Andhra Pradesh, 2 Still At Large
With Ziarul's arrest today, the hunt now remains for two more absconding prisoners, Mafidul Islam and Nur Islam.
03rd November 2024