November 18, 2019
World Bank to invest Rs 2,100 crore in Kolkata logistics infrastructure
World Bank is likely to pump in Rs 2,100 crore for development of multi-modal logistics infrastructure in the Kolkata Metropolitan area, state finance and industries minister Dr Amit Mitra announced while addressing the CII Logistics Colloquium 2019 on Saturday.
The agency has already submitted a conceptual masterplan in this regard. A meeting to finalise it is scheduled next week. “Top World Bank officials indicated about this project during their visit in Bengal Global Business Summit earlier this year,” Dr Mitra said.
According to Dr Mitra, the project would encompass development of rail, road and water logistics infrastructure. “Kolkata is among very few cities in the country where all these three forms are available and can be put to use to develop the transit system,” he said. The state government will be the nodal agency for implementing the project.
“This is aimed at enhancing logistics competitiveness, employment generation, ease of doing business and investment opportunities. World Bank is very keen about Bengal because of its location,” he added.
