The Government of India, the Government of Assam and the World Bank signed a loan agreement of $88 million for the implementation of Assam Inland Water Transport Project.
- Assam has the largest network of navigable waterways in India.
- Under the Assam Inland Water Transport Project (AIWTP), the infrastructure of passenger ferry services will be improved and the capacity of institutions running the inland water transport will be strengthened. The project will support the Government of Assam’s efforts to corporatise its own ferry activities.
- Loan of $88 million from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 14.5 years including a grace period of five years.
Source : Economic Times