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The Hon’ble Union Minister of Ports, Shipping, and Waterways, Shri Sarbananda Sonowal, visited the Noida Head Office of the Inland Waterways Authority of India (IWAI). During his visit, Shri Sonowal was briefed about the status of the 111 National Waterways in the country and how inland waterways are emerging as a sustainable mode of transportation to complement roadways and railways. While interacting with senior officials of IWAI, the Hon’ble Minister emphasized the need to develop national waterways across the country and to significantly increase passenger and freight movement on waterways. He praised the efforts made to promote river cruise tourism in the country and recent initiatives such as the introduction of Hybrid Electric Catamaran vessels and the country’s first Hydrogen Vessel

Shri Sarbananda Sonowal Reviews Inland Water Transport Projects at IWAI Headquarters

The Inland Waterways Development Council (IWDC) convened its second meeting under the leadership of Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, at Kohora, Kaziranga. The event witnessed significant announcements, including an investment of over Rs 500 billion over the next five years to enhance inland waterway infrastructure across India. The IWDC, organised by the Inland Waterways Authority of India (IWAI), unveiled projects worth Rs 14 billion in 21 states. Among the key initiatives announced was the Riverine Community Development Scheme, aimed at boosting the socio-economic conditions of riverine communities through trade, tourism, skill development, and improved infrastructure along the waterways.

Rs 500 Billion Investment Announced for Inland Waterways Development

Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal on Tuesday (18 February) inaugurated the Inland Water Transport (IWT) Terminal on the Brahmaputra (National Waterway-2) at Jogighopa in Assam. The event was attended by Bhutanese Minister Lyonpo Namgyal Dorji, marking a significant development in the region’s logistics and cargo movement. Describing the inauguration as a “historic milestone” for inland waterways in the North East, Sonowal highlighted the strategic importance of the new terminal. The foundation stone for the Jogighopa terminal was laid by Prime Minister Narendra Modi on 18 February 2021.The project, implemented by the Inland Waterways Authority of India (IWAI) under the Ministry of Ports, Shipping & Waterways, was constructed by the National Highways & Infrastructure Development Corporation Limited (NHIDCL) at a cost of Rs 82.03 crore. The terminal, spread over 15 acres, is strategically located 91 km from Gelephu in Bhutan, where the Royal Government of Bhutan is developing the Gelephu Mindfulness City.

Newly Inaugurated Jogighopa Inland Waterways Terminal In Assam To Serve As International Port Of Call For Bhutan And Bangladesh

The issuer has made timely interest payments.

SHRI SANJAY BANDOPADHYAYA, IAS, CHAIRMAN

The long-term bonds raised by IWAI have been christened as ‘Government of India fully-serviced bonds’. The Ministry of Finance, GoI, vide its office memoranda dated October 03, 2016, and October 18, 2016, had approved the raising of extra budgetary resources (EBR) and mandated IWAI to raise ₹1,000 crore under the said EBR scheme for the development of inland waterways and shipping infrastructure. Per the office memorandum, the repayment of principal and interest of the above EBR will be met by the GoI by making suitable budgetary provisions in the demand of the respective ministries and departments as and when the need arises.

As per the MoU dated September 11, 2017, signed between MoPSW and IWAI for raising of GoI fully-serviced bonds, the funds raised through these bonds will be utilised for the implementation of the ongoing infrastructure projects. IWAI will inform MoPSW 30 days before the due date about the maturity and MoPSW will ensure that at least five days before the due date of interest or principal repayment, sufficient funds are transferred in IWAI’s designated bank account for the debt service payment. The presence of MoU streamlines the fund transfer to the designated account while ensuring adherence to payment timelines.


Security Name: 7.47% Inland Waterways Authority Of India 13 Oct 2027

ISIN: INE896W08020

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Inland Waterways Authority Of India

Shri Sarbananda Sonowal Reviews Inland Water Transport Projects at IWAI Headquarters

Rs 500 Billion Investment Announced for Inland Waterways Development

Newly Inaugurated Jogighopa Inland Waterways Terminal In Assam To Serve As International Port Of Call For Bhutan And Bangladesh

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