Inland Waterways Authority of India (IWAI) and India Ports Global Private Limited (IPGPL) on 1 June 2016 signed a Memorandum of Understanding (MoU) on the Kaladan Multimodal Transit Transport Project.
The MoU has been signed for implementation of the following three additional works, which are independent of the on-going works and are estimated to cost 476 crore rupees. They are
• Container handling facilities at Sittwe & Paletwa
• Operation & Maintenance of the completed works
• Wrecks removed in Sittwe Port basin area
IWAI shall remain as the overall Project Development Consultant (PDC) to Project Development Consultant (PDC) for implementation of PORT & IWT component of Kaladan project.
Kaladan Multimodal Transit Transport Project (KMTTP) in Myanmar
KMTTP was conceptualised and is being administered by Ministry of External Affairs (MEA). It was planned with an aim to facilitate connectivity between the mainland and the North Eastern States of the country through maritime shipping, inland waterways and roads of Myanmar.
The link between North Eastern States of India and Myanmar will pave the way for enhanced trade & commerce across the border. It will also enable cultural and social integration at the regional level.
Project Development Consultant of the Project, IWAI
MEA had appointed Inland Waterways Authority of India (IWAI) as the Project Development Consultant (PDC) for the implementation of the Port & Inland Water Transport (IWT) component of the Kaladan Project on 19 March 2009 and by Supplementary Agreement dated 28 April 2016.
India Ports Global Private Limited (IPGPL)
IPGPL was established as a Joint Venture between Kandla Port Trust and Jawaharlal Nehru Port Trust for the purpose of development of ports overseas. IPGPL was asked to partner IWAI in the Kaladan project as a sub-PDC.
It will help complete the implementation of Kaladan project within the scheduled timeframe of April 2019 and provide relief to IWAI. The responsibilities of IWAI has increased manifold due to declaration of 106 new National Waterways and implementing the ambitious ‘Jal Marg Vikas” project.
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App
When: 1 June 2016