Category : Business and economicsPublished on: October 24 2025
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The Inland Waterways Authority of India (IWAI) has handed over the World Bank-funded Haldia Multi-Modal Terminal to IRC Natural Resources under a public-private partnership framework.
IRC Natural Resources won the bid with a royalty of ₹105.03 per metric tonne of cargo.
The initiative is part of the Jal Marg Vikas Project (JMVP) to enhance cargo handling along the 1,390 km National Waterway-1 connecting Uttar Pradesh, Bihar, Jharkhand, and West Bengal.