Coal India plans $1.5 bn industrial water transport corridor in east
Coal India Ltd, a government-owned port, and a state waterways body, are together considering investing up to 120 billion rupees ($1.46 billion) to establish an industrial water transport corridor in the country’s east, two government sources said.
The corridor, which could potentially carry 12 to 15 million tonnes of cargo by 2030, would connect two ports in the eastern state of Odisha via the Brahmi river, the sources said on Monday.
The plan by state-backed Coal India, Paradip Port Authority and the Inland Waterways Authority of India would cater to a major industrial cluster in India, and it would be primarily used for the movement of finished products such as steel, aluminum, sponge iron, and fertilisers, they said.
