To develop a rail line and a new coal terminal jointly in Australia, GVK Coal Infrastructure (Singapore) Pte Ltd (GVK Hancock) and Aurizon Holdings of Australia have reached an agreement. The two projects are to come up at the Abbot Point Port to unlock the Galilee Basin´s coal resources in Australia. The tie-up is intended to provide sufficient equity and debt funding, including through third party debt finance, for the projects to reach financial closure.
Category: Aviation & Airports
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Blore airport to get satellite navigation
A satellite-based navigation system is ready at Bangalore International Airport to ensure there are no delays in landing, long queues of aircraft to land or take off, delays in take-off and extended hovering. Hence passengers from Bangalore airport will get to depart and arrive on time on almost every flight with the functioning of the satellite-based navigation system.
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AI lifts cargo from Trichy
The Air India Express has decided to lift cargo from Trichy airport. Exporters from the region have been demanding Air India Express to lift cargo for long, and after the grounding of Mihin Lanka from April this year, the cry for cargo became strident. Since most of the exports are perishables, the Sri Lankan is the preferred carrier since it is the only airline that connects to most of the destinations in Europe and the Middle East.
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AI lifts cargo from Trichy
The Air India Express has decided to lift cargo from Trichy airport. Exporters from the region have been demanding Air India Express to lift cargo for long, and after the grounding of Mihin Lanka from April this year, the cry for cargo became strident. Since most of the exports are perishables, the Sri Lankan is the preferred carrier since it is the only airline that connects to most of the destinations in Europe and the Middle East.
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Aranmula Airport should be in the govt sector: Mount Zion
The proposed Aranmula airport project in Kerala should be under the government's purview on the lines of Nedumbassery airport in which the government is the majority shareholder, said Mount Zion Group Chairman Abraham Kalamannil.
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SpiceJet to add Boeing 737 Max to its fleet
For its fleet expansion, domestic low-cost carrier SpiceJet has selected BoeingÂ’s 737 Max, fuel-efficient and narrow body aircraft. The latest offering from Boeing promises 13 per cent fuel savings over the current generation of planes and would enter into service from 2017.
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GVK ties-up with Indonesian govt for Java airport project
To build a second airport in Yogyakarta of Java city in Indonesia, GVK Power & Infrastructure is joining hands with the Indonesia's State-owned infrastructure firm PT Angkasa Pura I. Angkasa Pura will fund the project through loans or equity.
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Bengal’s 1st pvt airport to be operational in April
Bengal Aerotropolis Projects (BAPL) has said that flight operations at the proposed Andal airport would begin on April 15, 2014. BAPL, a joint venture between Changi Airports International (26 per cent) and four Indian companies is the promoter of BengalÂ’s first private airport near the Durgapur-Asansol industrial area.
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Nagpur’s airport runway to be re-carpeted
The runway re-carpeting work of Nagpur's Dr Babasaheb Ambedkar International Airport is scheduled to take place between December 15, 2013 and May 15, 2014. The last re-carpeting was done in 2004 and in between the traffic has increased manifold.
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Nod to airport brings Rs 10,000 cr land into market
The project affected persons (PAPs) of the Navi Mumbai airport on November 11 have accepted the the Maharashtra government offered compensation for the loss of their land. The clearance for the proposed Navi Mumbai airport will also bring land worth over Rs 10,000 crore into the real-estate market for development.