India plans to invest 350 billion by 2047 to build a network of canals
WATER & WASTE

India plans to invest 350 billion by 2047 to build a network of canals

According to Sanjay Bandopadhyaya, chairman of the Inland Waterways Authority of India (IWAI), India plans to invest INR 350 billion by 2047 to build a network of waterways across the nation.

Creating waterways and jetties will be part of the strategy that will be put into action over the next 25 years in order to increase the capacity of Indian rivers for navigation. The world’s longest river cruise covers two national waterways (NWs) and travels into Bangladesh, according to Bandopadhyay. “This cruise will go more than 3,200 km along Routes NW1 (Ganga-Bhagirathi- Hooghly), IBP Route 1, and NW2 (Brahmaputra). This serves to further solidify the decision that this route is ready for the transportation of both passengers and freight,” said Bandopadhyay.

It is the first river cruise to link Assam, Bihar, West Bengal, Uttar Pradesh, and Bihar. It starts in Varanasi, Uttar Pradesh, and ends in Dibrugarh (Assam). 32 visitors from Switzerland will be transported on the inaugural flight. The MV Ganga Vilas is scheduled to arrive in Dibrugarh on March 1, 2023. “Such river trips will be offered on 150 vessels over 80 circuits. By 2047, it would require an estimated 350 billion in investment,” he added. The majority of this capital investment will go into creating jetties and waterways to improve river navigation for larger ships.

A circuit is a path that travels past popular tourist attractions in separate and distinct locations. For river cruise operations on the IBP route, the IWAI has already designated the Mongla, Barisal, and Narayanganj circuits. According to Bandopadhyay, the private sector will be motivated to make this investment because there is a good chance that the costs will be recouped. Speaking of the future, he predicted that more of these services would start, along with plans to improve river cruises in India’s southern backwaters.

According to Sanjay Bandopadhyaya, chairman of the Inland Waterways Authority of India (IWAI), India plans to invest INR 350 billion by 2047 to build a network of waterways across the nation. Creating waterways and jetties will be part of the strategy that will be put into action over the next 25 years in order to increase the capacity of Indian rivers for navigation. The world’s longest river cruise covers two national waterways (NWs) and travels into Bangladesh, according to Bandopadhyay. “This cruise will go more than 3,200 km along Routes NW1 (Ganga-Bhagirathi- Hooghly), IBP Route 1, and NW2 (Brahmaputra). This serves to further solidify the decision that this route is ready for the transportation of both passengers and freight,” said Bandopadhyay. It is the first river cruise to link Assam, Bihar, West Bengal, Uttar Pradesh, and Bihar. It starts in Varanasi, Uttar Pradesh, and ends in Dibrugarh (Assam). 32 visitors from Switzerland will be transported on the inaugural flight. The MV Ganga Vilas is scheduled to arrive in Dibrugarh on March 1, 2023. “Such river trips will be offered on 150 vessels over 80 circuits. By 2047, it would require an estimated 350 billion in investment,” he added. The majority of this capital investment will go into creating jetties and waterways to improve river navigation for larger ships. A circuit is a path that travels past popular tourist attractions in separate and distinct locations. For river cruise operations on the IBP route, the IWAI has already designated the Mongla, Barisal, and Narayanganj circuits. According to Bandopadhyay, the private sector will be motivated to make this investment because there is a good chance that the costs will be recouped. Speaking of the future, he predicted that more of these services would start, along with plans to improve river cruises in India’s southern backwaters.

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?