The Visakhapatnam Port in Andhra Pradesh is to take up expansion and development works worth Rs 641 crore. The works include dredging and development of West Quay-North berth. The port is to take up as many as eight berths for capacity augmentation and modernisation through Public Private Partnership (PPP) operators.
Author: admin (Infratructure Today)
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Vizag Port to mechanise its cargo-handling
To improve its capacity, the Visakhapatnam Port is to mechanise cargo-handling to face challenges from the private ports. It has also taken up nine major projects under the public-private partnership (PPP) mode, 2 of which have been finished and the rest being in various stages, said Deputy Chairman of the port GVL Satya Kumar.
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Chennai Port now eyes cruise ships
At Chennai Port, modernisation of the cruise terminal would begin in 2014 at an estimated cost of Rs 22.14 crore. The port has got Rs 8.5 crore from the Union government for development of a cruise tourism facilitation centre. The Ministry of Tourism has identified Chennai port as one of the ports for development of cruise tourism in India.
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Govt likely to sell five AI planes to Etihad
The Union government is soon to decide on the sale of Air IndiaĂâs five Boeing 777-200 Long Range airplanes to Etihad Airways. The Union Cabinet was scheduled to hold a meeting on December 26 in this regard.
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India Cements gets Govt’s nod for expansion
The Union Ministry of Environment has given its nod to India Cements to double its capacity and set up a 40 mw power plant in Tamil Nadu's Dalavoi in Ariyalur district.
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Govt says coal demand may not exceed 60,000 mw capacity
The Union Coal Ministry has told the Coal India (CIL) that the requirement of coal under the fuel supply agreements would not be for more than 60,000 mw by 2015 due to various reasons, including slippages in the schedule for commissioning of projects.
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Road developers not keen despite govt’s initiatives
IndiaĂâs highway construction policy has reached a dead end in meeting the targeted 20 km of road a day. This has been indicated as the National Highways Authority of India (NHAI) has drawn a blank in auctions of road stretches this year.
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Govt accords nod to 574 SEZ proposals
In addition to seven Central government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 574 proposals out of which 391 SEZs presently stand notified.
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Govt to utilise Cochin Port to export wheat
High demand for Indian wheat abroad is going to benefit the Cochin Port Trust, which is said to be struggling due to the slowdown. The Union government has proposed to enhance export of wheat and for this the Cochin Port is going to be utilised. South Korea, Bangladesh and Ethiopia are the major buyers of Indian wheat, Union Minister of State for Food and Civil Supplies KV Thomas said recently.
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SKS Micro closes Rs 215-cr securitisation deal
SKS Microfinance has stated that it has concluded a securitisation deal worth Rs 215 crore. With this, the total sum of securitisation completed for FY14 is Rs 616.81 crore, the company said in a statement on December 19.