According to a Memorandum Of Understanding (MoU) signed by Union Territory of Lakshadweep (UTL) with Cochin Shipyard (CSL) the latter would repair the vessels of the former on a regular basis. LDCL will submit a tentative schedule for repairs of all their ships by November every year to CSL indicating the approximate schedule and repair duration of ships in the ensui
Author: admin (Infratructure Today)
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Ministry lines up steps for shiphuilding sector
In order to promote shipbuilding industry, the union shipping ministry has lined up measures which include providing cheap loans to the firms, PK Sinha, union shipping secretary said. The shipping ministry has requested the finance ministry to give an interest subvention scheme for the shipbuilding industry as the sector grapples to attract com
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SCI to foray into dredging operation
Shipping Corporation of India (SCI) is taking efforts to diversify its operation into allied areas in order to mitigate losses on the back of slowdown in the global shipping industry. The company, which is suffering losses from its mainstream business, plans to diversify into dredging operation
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SCI can take possession of 7 vessels of erstwhile JV
Sources from the union shipping ministry informed that the discontinuation of the joint venture between Shipping Corporation of India (SCI) and Irano Hind Shipping Company would add seven ships to the former's fleet. SCI will get the seven vessels as it agreed to repay the loans of the joint venture. It is learnt that the joint ventu
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Alstom to despatch train for metro rail by June 2013
Alstom said it would despatch the first train for the Chennai Metro Rail (CMRL), manufactured in Sao Paulo, Brazil by June 2013. A team from the Chennai Metro Rail led by L Narsim Prasad, Director (RS, S&T and Electrical) and Umesh Rai inspected the
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Assocham urges govt to support aviation sector
Industry body ASSOCHAM urged the civil aviation ministry, the Planning Commission and the RBI to work out a joint and a clear mechanism to give a boost to the aviation sector. In a communication to the government, the chamber raised concern that the sector faces policy and regulatory issues besides lack of finance, especially the equit
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OMDC awaits govt nod for mining operation
Orissa Minerals Development Company (OMDC) is awaiting approval from the Odisha government to start mining from its Kolha Roida iron ore mine. It is learnt that the mine is cleared of all litigation and given all approvals, so now it is left to the state government to allow it to start operations. Kolha Roida is on
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Andhra govt may seek Rs 10 bn aid from World Bank for road project
The Andhra Pradesh government would soon approach the World Bank for financial assistance for its road upgradation projects in various parts of the state, especially in rural areas. The state government plans to seek a Rs 1,000-crore credit line from the World Bank once the proposal receives approval from the state cabinet
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Pamban road bridge in Rameswaram to get a facelift
A facelift is to be given to the Annai Indira Gandhi Bridge, or the Pamban road bridge that connects the mainland to the island town of Rameswaram. As part of silver jubilee year of the the bridge, the facelift is being planned at a cost of Rs 18.57 crore. Renovation work on the 2.345-km-long bridge, inaugurated by the late Prime Minister Rajiv Gandhi on October 2, 1988, was heralded by special puja and prayers during Wednesday and Thursday.
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Work to be resumed on Porur flyover in Chennai
In Chennai, work on the flyover at the busy junction in Porur has been put on hold by the highways department as there was a delay on the part of Chennai Metrowater in shifting water mains from the Chembarambakkam lake that run beneath the roadĂâs surface.