Knowledge Marine & Engineering Works Ltd has been awarded the Letter of Award (LoA) by the Inland Waterways Authority of India (IWAI) for the maintenance of the “Farakka-Kahalgaon stretch (146 Km) of National Waterway – 1 (River Ganga)” with a contract value of Rs. 98.06 Crores. The contract duration spans 3 years, with a possible extension of 2 more years.
In an effort to promote Inland Water Transport (IWT) across the country, India has officially notified 111 Inland National Waterways (NWs) under The National Waterways Act, 2016, covering approximately 20,275.5 km. Currently, NW-1, 2, & 3 are operational, accommodating cargo and passenger/cruise vessels.
With about 20,275.5 km of navigable waterways in India, Inland Water Transport (IWT) moves approximately 126 Million Metric Tonnes (MMT) of cargo annually, offering a fuel-efficient and environmentally friendly mode of transport. Although operations are primarily limited to specific stretches, both mechanized vessels and country boats contribute to cargo and passenger transportation.
The Inland Waterways Authority of India (IWAI), operating under the Ministry of Ports, Shipping, and Waterways, oversees the development, maintenance, and management of National Waterways for shipping and navigation.
Knowledge Marine & Engineering Works Ltd, in winning the contract for the 146 km stretch, competed against Adani Ports and Dharti Dredging. Mobilizing two Cutter Suction Dredgers for the project marks their entry into this market segment, enhancing their capabilities beyond their previous operations.
Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd, expressed excitement regarding the LoA, emphasizing the company’s commitment to the Inland Waterways sector. Securing a contract on a significant portion of India’s river length highlights the immense potential in this sector, with plans for further engagement with IWAI. The company’s readiness for future endeavors is underscored by successful qualification for World Bank-funded projects, positioning them as a leading participant in River Dredging Works.