Union Government to invite bids soon for 36 inland waterways

Posted on:11 Oct 2016 09:57:38
Union Government to invite bids soon for 36 inland waterways
11 October 2016 Current Affairs: The Union Government is going to soon float tenders to invite bids for the development for 36 inland waterways projects in the first phase. This move will help to tap the huge potential in the so-far-untapped inland waterways transport segment despite India being endowed with natural rivers suitable for it.

Earlier, Parliament had enacted a legislation allowing 106 rivers across the country to be converted into National Waterways (NWs) in addition to the existing 5 such NWs. 

The law was enacted in a bid to boost movement of goods and passengers via rivers and reduce transportation costs substantially.

It is environment-friendly and cost-effective mode of transportation. It will reduce the logistics costs significantly which are currently as high as 18% in India. India has huge natural geographical potential for inland waterways as 14,500 km of river channels are navigable. 

Development inland waterways can spur industrial growth and tourism potential along the waterway especially in plain areas of North India. 

The statutory status to the inland waterways would pave for investments in inland waterways transportation sector which has been neglected in the past. It would provide a cheaper mode of transport and reducing traffic burden and congestion on roads and railways.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 May

20 MAY
NEWS
19 MAY
NEWS
18 MAY
NEWS
17 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS