Delhi to get Water Taxis soon: Will reduce traffic problems in the city; check where it will be
Yamuna Water Taxi Project has been conceived as an integrated development project combining several functions like terminal development and vessels operation.
Yes, Delhi residents are all set to see yet another transport system in their city and it is one where no wheels are required, just a boat will do! Union Minister Mansukh Lal Mandaviya inspected proposed site for Yamuna Water Taxi Project here on Wednesday, as the Inland Waterways Authority of India (IWAI) has been mandated to implement the water transportation project to shorten the travel time between Wazirabad to Fatehpur Jat from 3.5 hours to 45 minutes, according to a government statement.
"IWAI proposes to develop river Yamuna in Delhi for the purpose of tourism in a sustainable way," said the Ministry of Shipping statement, while quoting Mandaviya as saying "the Yamuna Water Taxi Project will be a new means of urban transportation. It will not only give a boost to tourism but will also help reduce traffic congestion in the city."
Notably, the Yamuna Water Taxi Project has been conceived as an integrated development project combining several functions like terminal development and vessels operation. It comprises five locations on the banks of river Yamuna in Delhi, including Fatepur Jat, Tronica City, Jagatpur, Sonia Vihar and Wazirabad, covering a total length of 16 km.
#10KiKamaai के लिए आज कौन सा शेयर है मार्केट एक्सपर्ट कुणाल सरावगी और राकेश बंसल की पहली पसंद।@AnilSinghviZEE @kunalsaraogi @iamrakeshbansal pic.twitter.com/xlwnjvtP6a
— Zee Business (@ZeeBusiness) June 27, 2019
The Taxi project is stated to be developed in two phases; Phase I will be from Sonia Vihar to Tronica City, while Phase II will cover Wazirabad to Sonia Vihar and Tronica City to Fatehpur Jat.
It also proposes to operate vessels on multi-fuel sources on the river, making it more environment friendly, the statement added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
10:53 AM IST