Mangaluru Water Metro: Water transport system set for launch

08 Nov 2024 CW Team

The Karnataka Maritime Board (KMB) has announced the Mangaluru Water Metro Project (MWMP), aiming to transform public transit by utilising National Waterways to connect areas along the Nethravathi (NW-74) and Gurupura (NW-43) rivers. Expected to be India’s second-largest water transport system after Kochi, this eco-friendly project will offer a cost-effective, efficient way to travel.

The Mangaluru Water Metro will enhance accessibility for communities between Bajal and Maravoor, promoting regional development and improving local livelihoods. The initial phase will cover a 30-kilometer stretch along the Nethravathi and Gurupura backwaters, featuring around 17 modern metro stations on a primary route starting at Bajal and extending to the Maravoor Bridge.

Key stations will include prominent locations like Someshwara Temple, Ullal, and New Mangalore Port. The service will deploy electric and diesel catamaran boats equipped with comfortable amenities to ensure a smooth travel experience.

A Feasibility Report (FR) will assess the project’s viability, examining the cost-benefit, market demand, operational strategies, and environmental impact, offering vital insights for decision-makers and investors. (ET)

Infrastructure Transport

17 Oct 2025

IRFC Posts Record Profit as Diversification Boosts Growth

Indian Railway Finance Corporation (IRFC), a Navratna CPSE under the Ministry of Railways, has reported its highest-ever profit after tax (PAT) driven by strategic diversification and improved margins. For the quarter ended 30 September 2025, IRFC posted a PAT of Rs 17,769.8 million, a 10.19 per cent increase from Rs 16,126.5 million in the same quarter last year. For the half-year, PAT rose 10.45 per cent year-on-year to Rs 35,226.7 million. Total income stood at Rs 63,719.1 million for Q2 and Rs 132,901.5 million for the half-year, supported by effective liability management and steady asse..

KMEW to launch River Pearl Cruise linking Statue of Unity & Omkareshwar

Knowledge Marine & Engineering Works Limited (KMEW) has received a Letter of Acceptance (LoA) from the Madhya Pradesh Tourism Board (MPTB) to build and operate a luxury cruise between Kukshi in Madhya Pradesh and the Statue of Unity in Gujarat along the Narmada River. The 20-year project covers a 135-km stretch and marks KMEW’s official entry into India’s maritime tourism sector. The LoA was formally presented at the Madhya Pradesh Travel Mart 2025 by Hon’ble Union Minister of Culture Gajendra Singh Shekhawat, Chief Minister Dr. Mohan Yadav, and Minister of State for Tourism Dharmen..

Hyundai to Invest Rs 45,000 Mn In India by FY2030

Hyundai Motor India Limited (HMIL) has unveiled an ambitious roadmap to invest Rs 45,000 million by FY2030, aiming to position India as its second-largest region globally and a key export hub. The plan, announced at the company’s first-ever Investor Day, focuses on India-centric product expansion, electrification, and localisation. The automaker plans to launch 26 models by FY2030, including seven all-new nameplates and entries into the MPV and off-road SUV segments. Hyundai will also introduce India’s first locally manufactured dedicated electric SUV by 2027 and bring its global luxury b..