Infrastructure
Odisha: Central Government Unveils Ambitious Rs 12,000-Crore Brahmani Inland Waterway Project
Abhay Rathore
Aug 24, 2023, 12:42 PM | Updated 12:47 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The central government is planning to establish a Rs 12,000-crore inland waterway on the Brahmani river in Odisha.
This waterway will facilitate the transportation of goods from four industrial clusters to the ports of Paradip and Dhamra. The government will develop infrastructure using the engineering, procurement, and construction model.
To operationalise the national waterway-5 (NW5), a special purpose vehicle (SPV) will be formed by Coal India Limited, Inland Waterways Authority of India, Paradip Port, and the Odisha government.
The respective company boards have already given their in-principle approval for forming the SPV, as reported by Economic TImes.
As per a government official, the state government has also committed to supporting the project, which will require funding from the central government due to its capital-intensive nature.
The project will involve significant investment in dredging and navigational locks to manage depth differences in the river.
The investment by the SPV partners will be based on the shareholding pattern of the entity. Currently, NW-5 handles 1 million tonne of cargo per annum (mtpa), which is expected to increase to 12-14 mtpa by 2030.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.