World Bank to give $37.5 cr for National Waterway-1 on Ganga
Posted on:22 Apr 2017 18:28:01
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22 April 2017 Current Affairs:
The World Bank has approved a loan of $375 million for capacity augmentation of National Waterway-1 (NW-1) on the river Ganga under the Jal Marg Vikas Project (JMVP).
The financial assistance from the World Bank would help to develop the Rs 5,369-crore NW-1 from Haldia to Varanasi.
The project will enable commercial navigation of vessels with capacity of 1,500-2,000 deadweight tonnes along a 1,390-km stretch.
NW-1 is a waterway of national significance passing through Uttar Pradesh, Bihar, Jharkhand and West Bengal, serving the cities of Allahabad, Varanasi, Ghazipur, Bhagalpur, Patna, Howrah, Haldia and Kolkata.
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