India is planning to extend a line of credit (LoC) to The Gambia to expand and upgrade its Banjul port. The West African nation has already received a $45 million LoC. Pending due-diligence, an in principle approval for credit to The Gambia has been granted.
Author: admin (Infratructure Today)
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Cell for Iran´s Chabahar port project
The government has set up a cell to speed work and monitor the setting up of the Chabahar port in Iran within a deadline. The Jawaharlal Nehru Port Trust (JNPT) has nominated four officers for coordinating the work.
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Revival of Goa shipping industry
Union Minister of Shipping Nitin Gadkari announced a series of measures to help revive the shipping industry in Goa and for the development of the Mormugao Port.
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Ban on ZPMC cranes to affect Indian ports
The government decision to deny security clearance to the world´s biggest port crane maker, China´s state-owned Shanghai Zhenhua Heavy Industries Co (ZPMC), to supply cargo handling equipment to Major Ports will have serious implications for the country´s port industry, according to industry executives.
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Gangavaram Port expansion
The Andhra Pradesh state govt has recently cleared the Project Implementation Report for phase-II development of Gangavaram Port at a cost of Rs 1,318.73 crore.
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First coastal cargo from NMP to Lakshadweep
The New Mangalore Port (NMP) handled the first coastal cargo to Minicoy of Lakshadweep Islands following directions from the Ministry of Shipping to give priority to coastal shipping activities.
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Kamarajar Port to set up FTWZ
The Kamarajar Port (KPL) will set up a Free Trade and Warehousing Zone (FTWZ) on 100 acre, adjacent to its premises. KPL recently acquired 650 acres from the salt department to take care of its future needs.
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Morgan Stanley to help Adani
Adani Group has appointed Morgan Stanley to advise on the possible sale of a stake in its Abbot Point coal port in Australia, as it looks to raise funds to help finance a A$7 billion ($6.2 billion) mine, rail and port project.
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Vizag port operations resumed
The Vizag port has resumed normal cargo-handling operations and is taking steps now to restore some of the damaged installations, according to the Port Chairman MT Krishna Babu.
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New Metro station at IGI Airport T1
Travelling to IGI Airport in Delhi and NCR will be smoother and quicker than before, with opening of the new Metro station at the domestic terminal of the airport.