At a recent meeting chaired by Prime Minister Manmohan Singh, the union cabinet discussed the country's plan to develop infrastructure in and around the Chabahar Port in Iran. It is learnt that the government may formally announce its decision on developing the port infrastructure after
External Affairs Minister Salman Khurshid discusses the same with IranÂ’s Foreign Minister Ali Akbar Salehi in Tehr
Author: admin (Infratructure Today)
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Cabinet discusses investment in Chabahar Port
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Mega port projects up for bidding in 2013-14
During the year 2013-14, mega port projects like the setting up of the fourth container terminal at JN Port, mega container terminal in Chennai and expansion of container terminal in Visakhapatnam may come up for bidding. Union government is said to be taking steps to expedite award of key infrastructure projects, including port projects
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Vizag port gets court notice on modernisation project
Visakhapatnam Port Trust received a notice from the Andhra Pradesh High Court, which is hearing a petition filed by the workers union against the port's plan to rope in a private party for modernisation and upgradation of facilities at the ore handling complex (OHC). It may be noted that the port invited global tenders for the project, which it intends to implement on design, build
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GPP’s capex may benefit the port
Some analysts feel that the proposed capital expenditure of Gujarat Pipavav Port (GPP) may benefit it in the long run. It may be noted that the port plans to execute Rs 11 bn worth projects to expand its present berth capacity. It plans to double container capacity by March 2015 to 1.5 mn TEUs and increase bulkhandling capacity to 10 mn ton
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LCL Logistix to operate new service
LCL Logistix decided to operate a new service from its Container Freight Station (CFS) at Nhava Sheva to Klaipeda, LithuaniaÂ’s Baltic port. This would be a new less than container load (LCL) groupage service from India to the BalticÂ’s and Commonwealth of Independent States (CIS). The company feels that this service provides the longest and cheapest way to the Baltic and CIS from India, with
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CDM Smith to review report on link road project
The Tamil Nadu government asked CDM Smith (earlier named as Wilbur Smith Associates) to review the detailed project report it prepared in 2008 for a road project to connect Ennore and L&T Kattupalli ports with the National Highway 5. Sources from the state government informed that the company would update the feasibility report and fix the alignment with a new topographic
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Panel issues directives to AP govt
The Public Accounts Committee (PAC) of Andhra Pradesh government asked the state government to conduct a socio-economic survey in the areas where ports are proposed to be set up. Specifically, the committee wants the government to study the kind of dislocation that might cause to the local people because of port projects and if rehabilitation was
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Govt forms panel to decide on extension of lease
Press reports indicate that the union government formed an inter-departmental committee to extend petroleum leases in producing oil and gas blocks. Recently, the committee, chaired by oil ministry's additional secretary & financial adviser (AS&FA) SC Khuntia, held its first meeting. However, the committee did not discuss any particular case because of absence of a key member, repo
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IOC issues Rs 17 bn worth bonds
According to a company statement, Indian Oil Corp (IOC) mopped up Rs 1,700 crore through issue of Secured Redeemable Non-Convertible Bonds instead of the original size of Rs 500 crore. It is learnt that banks, insurance companies, primarily dealers, mutual funds, financial institutions, among others, have
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Crude oil futures rise in recent sessions
Crude oil futures rose in recent trading sessions in the international market led by optimistic unemployment data from the US. According to data released by the US Labor Department, unemployment in the country declined to 7.5 percent in April 2012 from 7.6 percent in the previous month. This is said to be the lowest unem