Waterways Authority of India (IWAI) has engaged KPMG, a reputed consultant, to study and devise a
framework for operationalization and maintenance of the assets being built on
NW-1 under the World Bank funded Jal Marg Vikas Project (JMVP) . This framework will include various
institutional and operational models ranging from outsourcing to Special
Purpose Vehicle (SPV) formulation with participating states and other
authorities like Railways and Ports.
Committee on Economic Affairs had approved the implementation of the Jal Marg
Vikas Project for capacity augmentation of navigation on the Haldia-Varanasi
stretch of National Waterway-1 (Ganga)
on 3rd January, 2018. The prominent assets being procured and built
under JMVP will be ready by 2018-19. Optimum and sustainable utilization of
assets so developed would not be achievable without an asset management and
The consultant will also help in developing
the business plan for market development on NW-1 for suitable cost recovery and
tariff realization mechanism. In addition, it will assess to develop a plan for
multimodal logistics park near the multimodal terminals being built under at
Varanasi, Sahibganj and Haldia. These multimodal logistics parks will act as
freight aggregation and disaggregation centres and promote a hub-and-spoke
model of freight movement. Other broad scope of the study will include
gathering market intelligence and reviewing cargo potential and cargo
projections, developing a business and execution plan for marketing and
commercial development and organize roadshows to generate investment awareness
in PPP projects.
JMVP is being implemented by the IWAI with technical assistance and investment
support of the World Bank. The project is expected to boost the Inland Waterway
Transport on NW-1, create/improve integration opportunities with road and rail
transport, promote economic growth in the states of Uttar Pradesh, Bihar, and
Jharkhand & West Bengal and facilitate inland waterway connectivity between
mainland India and North-Eastern States.
The development and operations of the NW-1 is estimated to create
direct employment of 46,000 persons and indirect employment of 84,000 persons
in Uttar Pradesh, Bihar, Jharkhand and West Bengal.