budget to be presented by Finance Minister Arun Jaitley on 1 February 2019
before the general elections, Shipping Ministry seeks a 25 percent increase in
allocation to expand Inland Waterways Projects, according to the local media.
increased funds will be to the tune of Rs 2, 350 crores.
“A major share of the allocation would be
spent on the inland waterways programme as the government aims to project
waterways as a cleaner and efficient mode of transportation,” a senior
bureaucrat with the Ministry was quoted as saying.
neglected for decades India’s infrastructure and logistics planning now has got
its due attention from the National Democratic Alliance with its landmark Act,
National Waterways Act, 2016.
one hundred national waterways have been recognized by the government.
the Union Cabinet also approved the proposal to allocate 2.5 per cent of the Central Road
Fund for the development and maintenance of inland waterways.
emphasis on these waterways is justified by the fact that they are more cost-effective, environment-friendly and logistically
efficient when compared to roads and railways. Shipping Minister Nitin Gadkari
has always stressed the advantages of Inland Waterways.
inland waterways will also provide synergies with the Shipping Ministry’s Rs.
8.5 trillion Sagarmala project which plans to promote the port-led development
of the nation.