IWAI engages KPMG as consultants

The Inland Waterways Authority of India has engaged KPMG to study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded Jal Marg Vikas Project (JMVP). This framework will include various institutional and operational models ranging from outsourcing to Special Purpose Vehicle formulation with participating states and other authorities like Railways and Ports.

The Cabinet Committee on Economic Affairs had approved the implementation of the Jal Marg Vikas Project for capacity augmentation of navigation on the Haldia-Varanasi stretch of National Waterway-1 (Ganga. The prominent assets being procured and built under JMVP will be ready by 2018-19.

The consultant will also help in developing the business plan for market development on NW-1 for suitable cost recovery and tariff realization mechanism. In addition, it will assess to develop a plan for multimodal logistics park near the multimodal terminals being built at Varanasi, Sahibganj and Haldia.