Inland Waterways Authority of India enters MoU with MOL (Asia Oceania)
The Inland Waterways Authority of India (IWAI) has signed a memorandum of understanding (MoU) with MOL (Asia Oceania) for transportation of LPG through barges on National Waterways-1 and National Waterways-2.
The MOL Group will invest for construction and operation of dedicated LPG barges under Make in India initiative.
The Aegis Group has also proposed investments to set up storage terminals, dedicated pipelines between jetty to the terminal and necessary infrastructure at jetty for evacuation of products from barges.
The IWAI will facilitate adequate fairway and provide Lease Available Depth (LAD) information on fortnightly or monthly basis. LPG cargos will be handled on IWAI terminals or multimodal terminals at Haldia, Sahibganj and Varanasi as per notified provisions and rates on the request of MOL.