To ease the burden on Inland Waterways Authority of India (IWAI) and to expedite the work on Kaladan Multi-modal Transit Transport Project (KMTTP), a Memorandum of Understanding (MoU) has been signed between IWAI and India Ports Global Private Limited (IPGPL).
The MoU was signed for implementation of three additional works, which are independent of the on-going works and are estimated to cost Rs 476 crore.
The project work include container handling facilities at Sittwe and Paletwa, operation and maintenance of the completed works and wrecks removed in Sittwe Port basin area, said official sources here. (Courtesy of assamtribune.com)
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