Explanation:

Both statements are incorrect.
Kaladan Multi Modal Transit Transport Project

• PM hails inaugural run of vessel from Syama Prasad Mookerjee Port to Sittwe Port Myanmar developed under Kaladan Multi Modal Transit Transport Project.

• It is a joint initiative of India and Myanmar.

• It connects the Kolkata Port of India with the Sittwe Port of Myanmar by sea, Sittwe to Paletwa via River Kaladan, Paletwa to the border of India, and Myanmar via road and further ahead to Lawngtlai, Mizoram by road.

• The project was launched under the “Look East Policy” in 1991.

• Currently, the government undertook this as “Act East” remodelled policy.

• It is named a multimodal project as it uses a wide range of infrastructures like roads, bridges, and floating barrages.

Hence option 4th is correct.