The Inland Waterways Authority of India (IWAI) has engaged KPMG to study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded Jal Marg Vikas Project (JMVP).
This framework will include various institutional and operational models ranging from outsourcing to Special Purpose Vehicle (SPV) formulation with participating states and other authorities like Railways and Ports.
KPMG will also help in developing a business plan for market development on NW-1 for suitable cost recovery and tariff realization mechanism. In addition, it will assess to develop a plan for multimodal logistics park near the multimodal terminals being built at Varanasi, Sahibganj and Haldia. These multimodal logistics parks will act as freight aggregation and disaggregation centers and promote a hub-and-spoke model of freight movement.
The other broad scope of the study will include gathering market intelligence and reviewing cargo potential and cargo projections, developing a business and execution plan for marketing and commercial development and organize roadshows to generate investment awareness in PPP projects.
The Cabinet Committee on Economic Affairs had approved the implementation of the Jal Marg Vikas Project for capacity augmentation of navigation on the Haldia-Varanasi stretch of National Waterway-1 (Ganga) on 3rd January, 2018. The prominent assets being procured and built under JMVP will be ready by 2018-19. Optimum and sustainable utilization of assets so developed, would not be achievable without an asset management and operation framework.
The development and operations of the NW-1 is estimated to create direct employment of 46,000 persons and indirect employment of 84,000 persons in Uttar Pradesh, Bihar, Jharkhand and West Bengal.
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IWAI hires KPMG for commercialization of JMVP assets
By IndianMandarins - 2018-02-22 08:27:58
The Inland Waterways Authority of India (IWAI) has engaged KPMG to study and devise a framework for operationalization and maintenance of the assets being built on NW-1 under the World Bank funded Jal Marg Vikas Project (JMVP).
This framework will include various institutional and operational models ranging from outsourcing to Special Purpose Vehicle (SPV) formulation with participating states and other authorities like Railways and Ports.
KPMG will also help in developing a business plan for market development on NW-1 for suitable cost recovery and tariff realization mechanism. In addition, it will assess to develop a plan for multimodal logistics park near the multimodal terminals being built at Varanasi, Sahibganj and Haldia. These multimodal logistics parks will act as freight aggregation and disaggregation centers and promote a hub-and-spoke model of freight movement.
The other broad scope of the study will include gathering market intelligence and reviewing cargo potential and cargo projections, developing a business and execution plan for marketing and commercial development and organize roadshows to generate investment awareness in PPP projects.
The Cabinet Committee on Economic Affairs had approved the implementation of the Jal Marg Vikas Project for capacity augmentation of navigation on the Haldia-Varanasi stretch of National Waterway-1 (Ganga) on 3rd January, 2018. The prominent assets being procured and built under JMVP will be ready by 2018-19. Optimum and sustainable utilization of assets so developed, would not be achievable without an asset management and operation framework.
The development and operations of the NW-1 is estimated to create direct employment of 46,000 persons and indirect employment of 84,000 persons in Uttar Pradesh, Bihar, Jharkhand and West Bengal.
