The National Waterway (Lakhipur-Bhanga Stretch of the Barak River) Bill, 2013 to develop the Barak river stretch as country's sixth National Waterway would particularly benefit Assam, Nagaland, Mizoram, Manipur, Tripura and Arunachal Pradesh by facilitating cargo movement there.
Shipping Minister G K Vasan, who moved the Bill for passage said the project will entail an investment of Rs 123 crore and would be completed in two phases in five years.
The first phase of the project would be completed by 2016-17 followed by the second phase which is likely to be completed by 2018-19.
Replying to members queries, he said the country has already five National Waterways covering a length of 4,382 km of which infrastructure has been developed for initial three while the process is on for the remaining two.
It said the regulation and development of the proposed waterway "is in the public interest" and would provide "safe, convenient and sustained shipping.
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