Hyderabad, May 5: Union Minister for Road Transport and Water Resourceas Nitin Gadkari on Saturday announced that the Central government will sanction Rs 2,000 crore for inland waterway on Godavari River.

He asked Telangana, Andhra Pradesh and Maharashtra to come forward to take 10 percent equity each in the special purpose vehicle to be formed by the ministry to execute the project.

Gadkari was speaking at a function to lay foundation stone for four infrastructure projects in Hyderabad.

He said Godavari waterway project will transform the economies of the three states. Stating that a feasibility study has already been completed, the minister said he will order a Detailed Project Report (DPR).

Gadkari was confident that the work on this project can start this year and asked the Telangana government to submit the proposal.

The length of the National Waterway 4 will be 1,184 km from Nasik, where Godavari starts to Bhadrachalam in Telangana to Rajahmundry. It proposed to be extended to Krishna River from Wazirabad to Galagali for another 628 km.

Stating that he has so far ordered infrastructure works worth Rs.10 lakh crore, the minister said there was no dearth of money and he was ready to take up the project by mobilising funds including loans in foreign exchange at two percent interest.

Gadkari said that inland waterways are his dream project, which can double the exports by reducing the logistics cost by 50 percent. He believes this will boost industry and provide employment.

He said work on Buckingham canal and Swarna River waterway had already started. Ganga River will have four multi-modal hubs and this could facilitate transportation of goods from Varanasi to Southeast Asia, Bangladesh and Myanmar. He believes this can transform the economy of Uttar Pradesh and Bihar.

Earlier, Telangana's Industry and Municipal Administration Minister K.T. Rama Rao said since Telangana is landlocked state, it needs help in developing inland waterways. He said the Godavari waterway could facilitate movement of a ship from Bay of Bengal to Maharashtra via Andhra Pradesh and Telangana.

The minister said barrages being built under Kaleswaram project will have the provision to take ships to Godavari.

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Bareilly (UP), Nov 24: Three people died when their car fell into the Ramganga river from a partially constructed bridge here on Sunday, police said, adding that they suspect the driver was misled by its navigation system into taking the unsafe route.

The accident occurred around 10 am on the Khalpur-Dataganj road when the victims were travelling from Bareilly to Dataganj in the Badaun district, they said.

"Earlier this year, floods had caused the front portion of the bridge to collapse into the river, but this change had not been updated in the system," Circle Officer Ashutosh Shivam said.

The driver was using a navigation system and did not realise that the bridge was unsafe, driving the car off the damaged section, the police said.

There were no safety barriers or warning signs on the approach to the damaged bridge, leading to the fatal accident, Shivam said.

Upon receiving information, police teams from Faridpur, Bareilly and Dataganj police station rushed to the spot. They recovered the vehicle and the bodies from the river, Shivam added.

The circle officer said that bodies had been sent for post-mortem. Further investigation into the matter is underway.