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Coal India Ltd, the Paradip Port Authority, and the Inland waterways authority of India are planning to invest $1.46 billion to establish an industrial water transport corridor in Odisha. The corridor would connect two ports, transport 12 to 15 million tonnes of cargo by 2030, and primarily carry finished products such as steel, aluminum, sponge iron, and fertilizers. The waterway would relieve congestion on existing rail and road infrastructure and reduce transportation costs. The project aims to connect key industrial clusters and a detailed report will be finalized in the next few months.
Source: Link
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