National Waterway IV to be developed by the Inland Waterways Authority of India

{reg}India’s National Democratic Alliance (NDA) government seeks to develop inland waterways as a cost effective mode of transport of commercial goods, reports The Hindu.

 

Visakhapatnam MP and BJP State president K. Haribabu said that the National Waterway IV that runs along the Coromandel Coast connecting Kakinada and Puducherry will be developed by the Inland Waterways Authority of India.

The NW-IV is expected to carry 11 million tons of cargo per year, including coal, rice, food grains, cement and fertilizers, among others.

The project’s cost was estimated at Rs. 1,515 crore, which revised at present prices is likely to cost Rs. 2,400 crore.

The project will not only provide an economical mode of transport but also catalyze the growth of the economy of the villages en route.

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