World Bank Sanctions Rs. 630Cr to AIWT

World Bank Sanctions Rs. 630Cr to AIWT

The World Bank has approved a loan of Rs. 630 crore to the Assam Inland Water Transport (AIWT) for the modernization of ferry services of the state.

According to an official statement, under the AIWT project, the infrastructure of passenger ferry services will be improved. The statement further stated that the capacity of institutions running inland water transport will be strengthened.

As per the statement issued by the department, it has been stated that better-designed terminals and energy-efficient vessels will make the ferry services more sustainable with the least disruption to nature.

According to reports, the total cost of the project is Rs. 770crore, out of which the World Bank provides Rs. 630 crore. The loan was signedbetween AIWTP and the Country Director, India, World Bank in presence ofAdditional Secretary (FB&ADB), Department of Economic Affairs, Ministry ofFinance, Government of India in New Delhi.  

The project aims to improve the infrastructure of ferry servicesand also ensure the safety of women passengers.

The terminals will have better access, lighting, and signages, while the new vessels will be equipped with individual seats and washroom facilities.

A strengthened regulatory regime will ensure reducedoverloading, adherence to time schedule and better crew standards.

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