The Central government is developing a new waterway on River Brahmani.
Being developed at a cost of ₹12,000-crore this inland waterway in Odisha will
move goods from four industrial clusters to ports of Paradip and Dhamra. Under
the proposed plan, the infrastructure component will be done by the government
on an engineering, procurement and construction (EPC) model.
A special purpose
vehicle between Coal India Limited (CIL), Inland Waterways Authority of India
(IWAI), Paradip Port and the Odisha government will be developing the
infrastructure required to operationalise the National Waterway 5 (NW5).
An in-principle approval to form the SPV has been taken by the
respective company boards. There is also a commitment from the state government
to take up the project. This project will require funding support from the
central government due to its capital-intensive nature. Major investment is
needed in dredging, and in navigational locks to manage depth differences in
the river.
Investment by the SPV
partners will be commensurate with the shareholding pattern of the entity.
Presently 1 million tonne of cargo per annum (mtpa) is moved on NW5 and is
likely to touch 12-14 mtpa by 2030