Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs
Category: Ports & Shipping
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Muted response to bond issues attributed to weak mkt condition
Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs
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Govt may invite bids for 2 port projects by July
Media reports indicate that the government may invite bids for the proposed two port projects, one each in Andhra Pradesh and West Bengal, by July and award contracts by September. It may be recalled that the central government earlier proposed to set up major ports in the above states on public-private-partnership (PPP) basis
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Govt may invite bids for 2 port projects by July
Media reports indicate that the government may invite bids for the proposed two port projects, one each in Andhra Pradesh and West Bengal, by July and award contracts by September. It may be recalled that the central government earlier proposed to set up major ports in the above states on public-private-partnership (PPP) basis
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Govt may invite bids for 2 port projects by July
Media reports indicate that the government may invite bids for the proposed two port projects, one each in Andhra Pradesh and West Bengal, by July and award contracts by September. It may be recalled that the central government earlier proposed to set up major ports in the above states on public-private-partnership (PPP) basis
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MPT to become multi-specialty port
Goa-based Mormugao Port Trust (MPT) is taking efforts to diversify the cargo handling of the port and convert it into a multi-specialty port. The port, which largely handles iron ore cargo, has been under severe financial stress because of decline in ore traffic on the back of ban on illegal mining in Goa and Karnataka
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Northern Port Access Road project revived in Chennai
To improve connectivity to the Ennore port and to boost industrial growth in the North Chennai, the Tamil Nadu government has revived the Northern Port Access (NPA) Road project to connect the Ennore port with Thatchur near Panchetti on Chennai Kolkata Highway. The State Highways Department has entrusted the work of updating the detailed project report for the NPA road project to a consultant.
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Govt takes steps to support shipping sector
Union Shipping Minister GK Vasan informed Lok Sabha that the government took several steps to support shipping sector in the last several years. Specifically, the government introduced the tonnage tax system during 2004-05 to provide a level playing field to the Indian shipping sector
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Govt takes steps to support shipping sector
Union Shipping Minister GK Vasan informed Lok Sabha that the government took several steps to support shipping sector in the last several years. Specifically, the government introduced the tonnage tax system during 2004-05 to provide a level playing field to the Indian shipping sector
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Govt awarded 58 port projects in PPP mode so far
Till March 31,2013, the government awarded 58 port development projects in Public Private Partnership (PPP) mode. Of these, 29 projects have been completed, 16 are at various stages of construction and the remaining 13 were awarded during 2012-