The increase in the handling of crude oil and coal cargoes at New Mangalore Port has helped it to register a 6.4 per cent growth in traffic handling during the first 11 months of the present fiscal year. The port handled 35.76 million tonne (mt) of cargo from April 2013 to February 2014 as against 33.61 mt in the corresponding period of the last financial year.
Author: admin (Infratructure Today)
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Ministry achieves target of port projects
Union Shipping Ministry has met the FY14 target of awarding 30 port projects, which entail an investment of over Rs 21,000 crore, adding 217 million tonne in the annual additional capacity. Unoin Shipping Minister GK Vasan said the target has been achieved with almost a full month to go on the back of changes in policies. He said during the past four years, it has awarded 88 new projects requiring an investment of Rs 42,953 crore.
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PSA bags JNPT 4th container terminal project
SingaporeĂ´s PSA Investments bagged Rs 7,915 crore and 4.8 million TEU fourth container terminal project from Jawaharlal Nehru Port Trust (JNPT). The board of trustees of the port has decided to award the project to be carried out under the design, build, finance, operate and transfer basis to PSA, which was the highest bidder.
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Addl land for NTPC project
The West Bengal government decided to allot an additional 98 acre land and provide coal linkage with riders to NTPCĂ´s proposed 1,600 MW plant, clearing two major hurdles for the project. This would help remove uncertainty over implementation of the proposed project at Katwa in Burdwan district, she said after a Cabinet meeting held outside Kolkata for the first time.
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Land acquisition cleared for Dugarajapatnam port project
The Nellore district administration has cleared the decks for land acquisition to set up the Dugarajapatnam port. However, the location of the port has been changed to Tupilipalem to overcome objections with regard to environmental and forest clearances. The new port would still be called as Dugarajapatnam port.
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AERA abolishes UDF at Hyd Airport
The Airports Economic Regulatory Authority (AERA) abolished the user development fee (UDF) at the Hyderabad airport. AERA concluded the decision after considering various aspects of the airportĂ´s operations, including the investments made by the airport operator, land allocation, traffic trends and earnings. As a result, the cost of flying at Rajiv Gandhi International Airport Hyderabad will be cheaper from 1 April 2014 till 31 March 2016 for both domestic and inter-ĂÂĄnational embarking passenger
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Ministry hails PPT for growth
In a review meeting, Paradip Port Trust (PPT) Chairman Sudhanshu Sekhara Mishra gave a presentation, apprising Union Shipping Secretary Dr Vishwapati Trivedi about the activities and performance of the port in the presence of the Heads of various departments.The secretary expressed his satisfaction on the progress of the projects undertaken by the PPT.
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bilateral investment pacts to be reviewd
The government said it was reviewing all its bilateral investment promotion and protection pacts, amid global firms raising concerns about IndiaĂ´s investment policies. So far India has implemented 83 bilateral investment promotion and protection agreements (BIPPAs) with various countries.
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Duty on iron ore pellets
The Ministry of Commerce and Industry has sought withdrawal of 5 per cent duty on export of iron ore pellets, citing that the levy will discourage shipments of value-added products. The Pellet ManufacturersĂ´ Association of India (PMAI) had expressed apprehension over Rs 35,000 crore of investments becoming non-performing assets due to the export duty because domestic demand is too low and most producers are operating at less than 50 per cent capacity.
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Relief package
The Goa Government is holding discussions with banks to work out a relief package for the borrowers affected by mining ban. Goa Governor Bharat Vir Wanchoo, delivering his customary address at the state assembly on the first day of the five-day budget session, said the banking sector, including cooperative banks, is facing tremendous stress on account of the advances made to various segments of the mining industry turning into non-performing assets.