Adani Ports and Special Economic Zone (APSEZ) plans to acquire stake in Vizag Seaport, which is the
largest multi-commodity terminal at Visakhapatnam port. The terminal can handle all types of cargo except petroleum, oil and lubricants.
The terminal shares 17.11 per cent of the annual revenue collected from customers on berth hire and wharf-age with Visakhapatnam port.
Author: admin (Infratructure Today)
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APSEZ for stake in Vizag Seaport
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Cruise ships at Kochi
Cruise ships have started berthing at Kochi Port as holiday season has begun in western countries. Recently, around 2,800 tourists and 1,250 crew members arrived on board Celebrity Solstice, a mega cruise liner. Another cruise liner Aida Diva also called at the port.
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Adani, Essar to bid for terminal project
According to top government sources, Adani Ports and Essar Ports have received approval from the Union Home Ministry to participate in the Rs 4,000-crore mega container terminal project in Chennai Port. Chennai Port plans to set up a mega container terminal, with a capacity of 4 million TEU. The proposed terminal has been envisaged as the largest container terminal on the countryÂ’s east coast and it will be able to handle ultra-large container vessels. Essar Ports had to seek clearance from the
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Landed in trouble
GMR entered the Maldives after realising the lack of potential in India for large airport projects. The relatively new global infrastructure is reportedly not insured against political risk—only to find itself stranded after a government change in that country.Pro China sentiments along with commercial disputes used by some extremists and political parties in Maldives have provoked anti-India sentiments which resulted in GMR’s Male airport confl ict.
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Easing the anxiety of viability
Through subsidies and other incentives, EASF will create a much-needed impetus for the development of infrastructure and growth in the regional aviation sector, writes Umesh Kumar Baveja.The Essential Air Services Fund (EASF) is a programme for IndiaÂ’s regional air infrastructure and services. Among the sweeping changes currently being made in the civil aviation sector in India, EASF will create a much-needed impetus for
the development of infrastructure and growth in the regional aviation sect
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2G Auction Base Price Slashed
The panel of ministers on spectrum has reduced the base price for unsold airwaves in four regions Delhi, Mumbai, Karnataka and Rajasthan - by 30 per cent, and approved the telecom departmentÂ’s plan to simultaneously sell these airwaves along with a portion of spectrum held by incumbent operators before March 31, Telecom Minister Kapil Sibal said
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Bharti Ineratel Expansion
Bharti Infratel said it is looking at acquisition opportunities in India and overseas. The company, which is the tower unit of telecom major Bharti Airtel, is set to launch its initial public offering (IPO) on December 11 to raise up to Rs 4,533.60 crore. The proceeds from the IPO would be used to fund expansion plans as well as future acquisitions. Of the total 376,000 towers in India,Bharti Infratel has 80,656.
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Cabinet clears models for rail link projects in ports
Union cabinet has cleared the five models proposed by Indian Railways for setting up rail infrastructure in ports set up through private investment in the country. The five models include non-Government Railway, joint venture with equity participation by Railways, capacity augmentation through funding by customers, BOT and BOT (a
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Kolkata Port mulls expansion project
Through the Haldia Dock II project, the Kolkata Port Trust plans to add 23.4 million tonne capacity, agency reports suggest. The project, which will be executed under a PPP (Public-private partnership) model, received approval from the PPP appraisal committee (PPPAC) for the model concession
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‘No scheme from states to fund national highways’
The Union government has taken up development of National Highways (NHs) under the National Highways Development Project (NHDP) & Non-NHDP, said the Union Minister of Road Transport and Highways Sarvey Sathyanarayana. He added that there is no scheme for development of NHs with funding assistance from the State Governments.