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Coal India, port and agency plan $1.46bln water transport corridor

FILE PHOTO: worker sits on a truck being loaded with coal at a railway coal yard on the outskirts of the western Indian city of Ahmedabad November 25, 2013. REUTERS/Amit Dave/File Photo

Coal India Ltd, a government-owned port and a state waterways body, are together considering investing up to 120 billion rupees ($1.46 billion) to set up an industrial water transport corridor in the country's east, two government sources said.

State-backed Coal India, Paradip Port Authority and the Inland Waterways Authority of India recently drew up a plan for a corridor that could potentially carry 12 to 15 million tonnes of cargo by 2030, they said. (Reporting by Sarita Chaganti Singh; editing by Mayank Bhardwaj and Conor Humphries)