The Inland Waterways Authority of India (IWAI) signs project agreement with World Bank for Jal Marg Vikas Project (JMVP)

The Inland Waterways Authority of India (IWAI) has signed a project agreement with the World Bank (WB) for Jal Marg Vikas Project (JMVP) on Ganga to enhance navigation on National Waterway-1 from Varanasi to Haldia. Beside this, the Government of India and the World Bank has also signed a $375 million loan agreement for JMVP. The signing of the pact comes after Union Cabinet approved the implementation of $800 million JMVP for capacity augmentation of navigation on River Ganga. The JMVP, which is expected to be completed by March 2023, is being implemented with the financial and technical support of the World Bank. The development and operations of the National Waterway-1 project will lead to direct employment generation to the tune of 46,000 and indirect employment of 84,000 in the states of Uttar Pradesh, Bihar, Jharkhand and West Bengal.