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India and Bangladesh meeting next month on transit protocol

Press Trust of India  |  Kolkata 

The proposed high-level meeting on the Protocol on Inland Water Transit and Trade (PIWTT) between and next month is expected to finalise its Standard Operating Procedures (SoP), an said.

Once the PIWTT is in place, inland waterways will boost trade to the north eastern states and from Kolkata, he said.

"A meeting is expected next month. There is no hurdle as such. A has to be finalised and the meeting will try to complete that," Inland Waterways Authority of Vice-chairman told

The two countries had agreed on the extension of Protocol on Inland Water Transit and Trade (PIWTT), which was signed in 1972.

The National Waterway one (NW -1) will connect the North East through Indo-Bangla protocol route. It will reduce the distance from about 1,700 km via Siliguri in north Bengal to about 500 km via Bangladesh, he said.

The route will also open up opportunity for trade through and lessen congestion at Chittagong port in

In the protocol route, Rs 3,500 crore dredging project has been undertaken and the cost will be shared at 80:20 between and

In the protocol route, dredging would be required mainly in some stretches under Sirajganj to Doikhawa route on in and also under Ashuganj to Karimganj to improve the navigability, Inland Water Transport (Marine safety and Traffic management) Md Shafiqul Haque had said earlier.

is developing the NW-1 under the Jal Marg Vikas Project with assistance from The estimated project cost has been revised upward to Rs 5,369 crore from the initial estimation of Rs 4,200 crore, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, March 18 2018. 11:45 IST
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