Inland Waterways Development Council Announces ₹45,000 cr Investment

Union Ports, Shipping, and Inland Waterways Minister
Union Ports, Shipping, and Inland Waterways Minister, Sarbananda Sonowal, revealed that the newly formed Inland Waterways Development Council (IWDC) is set to invest ₹45,000 crore for the development of inland waterways in India. Out of this, ₹35,000 crore is allocated for cruise vessels, and an additional ₹10,000 crore for cruise terminal infrastructure by 2047. These initiatives aim to achieve a four-fold growth in cargo volume, reaching 500 million tons per annum (MTPA) by 2047.

The comprehensive roadmap outlined by the IWDC identifies 30+ potential routes for various cruise types, emphasizing long and short, recreational, and heritage segments. The plan encompasses route development, marketing strategy, infrastructure development, and navigation improvements. The government's broader vision includes developing 26 more waterways suitable for River Cruise tourism, increasing the number of cruise circuits with night stays from 17 to 80, and expanding river cruise terminals from 15 to 185. The objective is to boost cruise tourism traffic significantly, aiming to increase local cruise tourism on National Waterways from two lakh to 15 lakh by 2047.
Nitin Gadkari Unveils ₹1,183 Cr 6-Lane Access-Controlled Road in Goa

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IRB Infrastructure Reports 35% Toll Revenue Growth in June 2024

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Otis India Introduces Customizable Modular Elevator Series

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CPWD Invites Bids for ₹162.48 cr Hostel Project at IIT Gandhinagar

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