World Bank nod for $88m project to modernise Assam waterways

World Bank nod for $88m project to modernise Assam waterways

Agency News

New Delhi, Jan 16 : The Centre along with Assam government on Thursday signed a loan agreement of USD 88 million with World Bank to help modernise Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra.

The loan agreement was signed by Department of Economic Affairs' Additional Secretary Sameer Kumar Khare, Transport Commissioner (Assam) Adil Khan and World Bank's country Director Junaid Ahmad, World bank said in a statement. A majority of Assam’s more than 350 ferry routes cross the Brahmaputra or serve its islands, providing a crucial means of transport to thousands of commuters in both the urban and rural areas of the Brahmaputra Valley.

The Assam Inland Water Transport Project (AIWTP), will help Assam improve the passenger ferry infrastructure and its services and strengthen the capacity of the institutions running the inland water transport. Technically better designed terminals and energy-efficient vessels (both new and retrofitted) will make the ferry services more sustainable with least disruption to nature. (UNI)