Cargo Commitments for Multimodal Terminal at Haldia

Image
Capital Market
Last Updated : Oct 29 2016 | 12:01 AM IST
The Inland Waterways Authority of India (IWAI) has received a commitment for transport of 5.92 million tons (MTs) of cargo volume per annum through the Multimodal Terminal at Haldia by the year 2018. This follows a series of consultations IWAI held at Haldia with various industries, firms, shipping lines, cargo operators, shippers and manufacturers. The main items for which commitments have been received are fly-ash, edible oil, vegetable oil, gypsum, etc. Fly-ash is expected to be the major cargo with a commitment of 3.8 MT followed by vegetable oil (0.63 MT), cement (0.36 MT), among others.

IWAI is to construct a Multimodal Terminal at Haldia under Jal Marg Vikas Project (JMVP) which is being implemented with the technical and financial support of the World Bank at a cost of Rs. 4200 crore for augmenting navigation on Haldia-Varanasi segment of the National Waterway-1. To construct the terminal, land measuring 61 acres has been taken on lease at Haldia Dock Complex from Kolkata Port Trust. The terminal is located in the Coastal Regulatory Zone and requires CRZ clearance from the West Bengal Coastal Zone Management Authority. Construction work of the terminal would commence soon after CRZ clearance is received.

Addition to Haldia, two Multimodal Terminals are being constructed under JMVP. Construction has commenced at the Varanasi terminal and Sahibganj terminal has been awarded on 14th Oct, 2016. The completion of JMVP would ensure commercial navigation of vessels with capacity of 1500-2,000 DWT Tonnage on National Waterway-1.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 28 2016 | 1:33 PM IST

Next Story