1. Cabinet gives nod to 2.5 pct of road fund for National Waterways; Nitin Gadkari says 1.8 lakh jobs to be created, Manohar Parrikar hails ‘immense benefits’

Cabinet gives nod to 2.5 pct of road fund for National Waterways; Nitin Gadkari says 1.8 lakh jobs to be created, Manohar Parrikar hails ‘immense benefits’

The Union Cabinet today approved the allocation of 2.5 per cent of the Central Road Fund for National Waterways today which according to PTI, would provide around Rs 2,000 crore per year for the NWs- to boost inland water transport.

By: | Updated: May 25, 2017 1:07 AM
Union Minister of Road Transport, Highways and Shipping, Nitin Gadkari (PTI)

The Union Cabinet today approved the allocation of 2.5 per cent of the Central Road Fund for National Waterways today which according to PTI, would provide around Rs 2,000 crore per year for the NWs- to boost inland water transport. An allocation of 2.5 per cent of CRF proceeds would provide approximately Rs 2,000 crore per annum for the development and maintenance of NWs at existing rates of duties funding the CRF, PTI reported.

The move is expected to help all states, even the smallest ones. Goa chief minister Manohar Parrikar today hailed the government’s decision for approving National Waterways and tweeted that the policy will ‘immensely benefit’ the state. Parrikar said, “Earmarking 2.5% of CRF for the development of waterways, as approved by Union Cabinet chaired by PM Narendra Modi, will immensely benefit Goa.”

The National Waterways Act, 2016 for the development and maintenance of NWs was passed in 2016. Currently, there are five existing NWs and 106 new NWs. CRF, the Central Road Fund is a duty on excise and customs levied on petrol and high-speed diesel.

Inland Waterways Authority of India has said that till 2022-2023, the National Waterways would require Rs 25,000 crore.
In addition to giving a boost to the economy, the policy is expected to provide employment in the Inland Waterways Transport sector as well. The government has said that 1.8 lakh persons would be provided employment in the next 5 years, reported PTI. Jobs are expected to be created for operation, management of fairway, terminals, barges, training aids to navigation.

Union Minister of Road Transport, Highways and Shipping, Nitin Gadkari took to Twitter to say, “In addition to 5 existing NWs, development of 24 NWs prioritized-plans drawn up. Over 1.8 lakh jobs in the next 5 years.”

The facilities, provided by the IWAI, include navigation aids, including night navigation facility, embarking and disembarking at designated locations, facilitating expeditious crossing of the Farakka Navigation Lock, pilotage and assistance in distress, reported PTI.

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