GUWAHATI, Nov 10 - A loan negotiation for an amount of $110 million was successfully concluded for the Assam Inland Water Transport Project (AIWTP) on Thursday to be executed by the Government of Assam and the World Bank.
Official sources today said that with the negotiation done, a major initiative had been concluded and that the final loan agreement would be signed in a month�s time.
The negotiation was carried out in the presence of the Director, Department of Economic Affairs, Ministry of Finance, Government of India at the Country Head office of World Bank in New Delhi.
The Indian delegation on behalf of the Government of Assam was represented by Virendra Mittal, State Project Director, AIWTDS; Dhrubajyoti Das, Additional Secretary, Transport Department and Director, IWT, Assam, and Rahul Chandra Das, Deputy State Project Director, AIWTDS.
The team representing the Department of Economic Affairs under the Ministry of Finance was led by Bandana Preyashi, Director, DEA. The World Bank team was led by Atul Agarwal, Team Leader, World Bank.
The objective of the project is to develop an efficient river transport system which would be safe, secure and comfortable for the large volume of passengers and cargo carried by vessels.