Did IWAI Transfer Haldia Multi-Modal Terminal Operations to IRC Natural Resources?
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Synopsis
Discover how the Inland Waterways Authority of India has transitioned the Haldia Multi-Modal Terminal operations to IRC Natural Resources, aiming to revolutionize multimodal logistics and enhance inland waterway infrastructure through innovative public-private partnerships.
Key Takeaways
- IWAI has handed over operations of the Haldia MMT to IRC Natural Resources.
- The terminal has a capacity of 3.08 million metric tonnes annually.
- It will enhance multimodal logistics via PPP.
- The terminal is strategically located with connections to National Highway 41 and future rail links.
- This transition aims to boost cargo movement to the Northeastern states and Bangladesh.
New Delhi, Oct 17 (NationPress) The Inland Waterways Authority of India (IWAI) has officially transferred the operations of the Haldia Multi-Modal Terminal (MMT) located in West Bengal to IRC Natural Resources. This move aims to improve inland waterway infrastructure and foster multimodal logistics through a public-private partnership (PPP), as announced by government officials on Friday.
Constructed by IWAI with backing from the World Bank, this terminal boasts a handling capacity of 3.08 million metric tonnes annually and was inaugurated by Prime Minister Narendra Modi in January 2023, according to an official statement.
The statement further indicated that the terminal is strategically positioned and linked to National Highway 41, and will also be integrated with rail connectivity, enhancing its multimodal capabilities.
Under the Public-Private Partnership (PPP) model, IWAI has opted for an Equip, Operate and Transfer (EOT) approach, granting a 10-year operation and maintenance contract that may be extended by an additional five years following an open bidding process.
The contract has been awarded to IRC Natural Resources after they submitted the highest bid, offering a royalty of Rs 105.03 per metric tonne of cargo managed, which will be remitted to IWAI.
The commencement of operations at Haldia MMT is anticipated to significantly enhance cargo transportation via inland waterways, providing a cost-efficient, environmentally friendly, and quicker means of moving goods, particularly to the Northeastern states and Bangladesh.
This handover aligns with the government’s strategy to improve inland water transport through the Jal Marg Vikas Project (JMVP), which aims to develop the 1,390-kilometre National Waterway-1 along the Ganga–Bhagirathi–Hooghly river system spanning Uttar Pradesh, Bihar, Jharkhand, and West Bengal.
Under the JMVP, IWAI has undertaken significant development projects, including fairway maintenance, the construction of multimodal and intermodal terminals, modern navigational locks, and the installation of over 60 jetties to support riverine communities, as noted in the statement.
Point of View
This transition marks a significant step towards enhancing India's logistics capabilities. The collaboration between IWAI and IRC Natural Resources underlines the government's commitment to improving inland water transport, thereby fostering economic growth and connectivity in the region. NationPress will continue to monitor these developments closely.
NationPress
19/10/2025
Frequently Asked Questions
What is the purpose of the Haldia Multi-Modal Terminal?
The Haldia Multi-Modal Terminal aims to enhance inland waterway infrastructure and promote multimodal logistics through public-private partnerships.
Who is responsible for the operations of the terminal?
The operations of the terminal have been handed over to IRC Natural Resources.
What is the terminal's annual handling capacity?
The terminal has a handling capacity of 3.08 million metric tonnes per annum.
How long is the operation and maintenance contract?
The contract is for 10 years, with an option to extend by five years.
What is the expected impact of this transition?
The operationalization of the terminal is expected to significantly boost cargo movement through inland waterways, providing a cost-effective and environmentally friendly alternative for transporting goods.
