Government has set up a committee to identify new areas for private investment, both in infrastructure and in transportation for the Inland Waterways (IW) sector. The Committee will be headed by Secretary (Planning) and include Secretary (Shipping), Director General of Inland Waterways Authority of India (IWAI) and a representative of Department of Economic Affairs as members.
According to an official statement, the panel will also identify multiple business models which could then be bid out through concessions. This will be supplemented by desigÂning Model Concession Agreements (MCAs) and other stanÂdardised documents for faÂcÂiÂlitating a rapid scaling up of investment. The committee will assess the investment potential of the sector and come up with approaches and proposals for scaling up private investment in inland waterways, it said. It will also suggest mechanisms to have standardised MCAs prepared quickly for possible areas of investment.
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