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| World Bank and India Sign USD 88 million loan agreement for Inland Water Transport Project in Assam |
World Bank and India Sign USD 88 million loan agreement for Inland Water Transport Project in Assam
The Government of India, the Government of Assam and the World Bank signed a loan agreement of $ 88 million to help modernize Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra.
The Assam Inland Water Transport Project will help develop a modern, efficient and safe river transport system for the large volume of passengers and cargo carried by the vessels.
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.
The MoU Signed by:
The loan agreement was signed by Khare, on behalf of Government of India and Mr Junaid Kamal Ahmad, Country Director (India), World Bank on behalf of the World Bank.
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