The Indian Institute of Technology, Madras recommended the Tamil Nadu government to develop the proposed port at Nagapattinam as an ‘all weather, deep water, direct berthing port. The state government would conduct the bidding process for the Rs 380 cr project based on reco
Author: admin (Infratructure Today)
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Chennai port to adopt RFD to gauge performance
Chennai Port Trust (ChPT) decided to adopt Results Framework Document (RFD) in order to measure its operational performance instead of the current Memorandum of Understanding (MoU). The port would prepare a plan of action in 2013-14 based on the RFD for generating traffic based on clean cargo. The port would segregate capacity addition into three
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Govt targets to award 9,000 km road projects in FY14
The Union Road Transport and Highways Ministry on April 16 stated that it has fixed an internal target of giving 9,000 km of projects in 2013-14 to ensure award of at least 7,300 km to revive the sector. The Ministry in an official statement said that for the FY 2013-14, the internal target has been fixed at 9,000 km of National Highways so as to ensure award of at least 7300 km.
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GVK may seek recast of premium payment for 330 km project
GVK Power & Infrastructure may request National Highways Authority of India (NHAI) to reschedule its premium payment for a highway project in Madhya Pradesh. Media reports suggest that the company may submit a proposal to the NHAI on the lines of infrastructure major GMR Infrastructure
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Kerala govt to complete work on national waterways soon
Minister of Ports for Kerala K Babu informed that his government complete the work on the national waterway from Kottappuram to Kovalam soon. Speaking on the sidelines of an event, the minister affirmed that the government was fully committed to the development of water transportation in the state. He said the state government gave utmost impo
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Growth in marine-hull insurance segment may slowdown
Weak financial position of shipping companies may slowdown growth in the marine-hull segment of the insurance industry, reports indicate. Marine-hull insurance is purchased by port authorities, shipowners, shipbuilders, oil- and energy-sector companies, bankers and financiers of ships or vessels who have insurable interest
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SCI, DCI, ports incur avoidable costs
The annual report of the union shipping industry shows that some organisations in the sector incurred an expenditure of about Rs 490 crore, which was avoidable. According to a government audit, pointed out in the report, Dredging Corporation of India (DCI) incurred Rs 165 crore cost owing to lack of professional handling of fuel consumption
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Govt demands dividend from banks
State-run banks received a directive from the union finance ministry to declare a minimum 20 percent of their capital or net profit, whichever is higher, as dividend for 2012-13. The move by the ministry has not gone down well with these banks, who are already facing strain on their balance sheet owing to the rise in the non performing asse
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Tribunal quashes directive of GCZMA
Terming violation of the principle of natural justice,
the National Green Tribunal has set aside the order of
Goa Coastal Zone Management Authority (GCZMA) on the jetties project of Sesa Goa in the northern district of Goa. It may be noted that in March 2011, GCZMA directed the company to stop all activity over the alleged illegal part of the jetties and to remove the unau
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Panel to submit report on Sterlite plant by April end
The four-member committee, appointed by the National Green Tribunal to study the functioning of the copper smelting plant of Sterlite Industries at Tuticorin, would submit its report on April 29. The panel will consist of two members from the Tribunal and one each from Sterlite Industries and Tamil Nadu Pollution Control Board (TNPCB