IWAI inks MoU with MOL (Asia Oceania)
The Inland Waterways Authority of India (IWAI) and MOL (Asia Oceania) has signed a Memorandum of Understanding (MoU) for transportation of LPG (Liquified Natural Gas) through barges on National Waterways-1 and National Waterways-2, in the presence of Minister of Ports, Shipping and Waterways Mansukh Mandaviya.
IWAI will provide support for facilitating with adequate fairway and handling of LPG cargo on IWAI terminals/ Multimodal Terminals at Haldia, Sahibganj and Varanasi as per notified provisions and rates on request of MOL. Moreover, IWAI also provide Lease Available Depth (LAD) information on fortnightly/ monthly basis.
MOL Group is the world’s largest gas carrier company and will invest for construction and operation of dedicated LPG barges under Make-in-India initiative of the Government of India.
Aegis Group proposed investments for setting up storage terminals, dedicated pipelines between jetty to the terminal and necessary infrastructure at jetty for evacuation of products from barges.
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