January 16, 2020
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Development loan modernizes inland water transport, funding terminals, vessels, safety upgrades and institutional reform for better services.
A multilateral development loan finances modernization of Assam's inland water transport by upgrading terminals, deploying energy-efficient new and retrofitted vessels, improving navigation and safety equipment, enhancing passenger amenities with attention to women and vulnerable users, and implementing institutional reforms including corporatisation of ferry operations and establishment of a ports company, supported by strengthened regulation; the IBRD loan has a final maturity of 14.5 years including a five-year grace period.