Private equity firm TPG Capital India is set to buy a majority stake in Karaikal Port. TPG has entered into a so-called exclusivity agreement with the port and will invest at least Rs 1,000 crore to acquire stake from existing investors and promoters. Reports say that the project is expected to be completed by 2018.
Category: Ports & Shipping
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Chennai port parking yard
To ease traffic congestion the Chennai Port Trust (ChPT) will operate a parking yard at Tiruvottiyur in north Chennai. First the container trucks will have to visit the yard, get all documents verified and proceed to the port. This procedure will prevent vehicles waiting at Ennore Expressway from holding up traffic.
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Chennai port parking yard
To ease traffic congestion the Chennai Port Trust (ChPT) will operate a parking yard at Tiruvottiyur in north Chennai. First the container trucks will have to visit the yard, get all documents verified and proceed to the port. This procedure will prevent vehicles waiting at Ennore Expressway from holding up traffic.
Post
Chennai port parking yard
To ease traffic congestion the Chennai Port Trust (ChPT) will operate a parking yard at Tiruvottiyur in north Chennai. First the container trucks will have to visit the yard, get all documents verified and proceed to the port. This procedure will prevent vehicles waiting at Ennore Expressway from holding up traffic.
Post
Chennai port parking yard
To ease traffic congestion the Chennai Port Trust (ChPT) will operate a parking yard at Tiruvottiyur in north Chennai. First the container trucks will have to visit the yard, get all documents verified and proceed to the port. This procedure will prevent vehicles waiting at Ennore Expressway from holding up traffic.
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Govt awards 13 port projects worth Rs.5,515 cr in Apr-Nov
During April-November period, the Union Shipping Ministry has awarded Rs 5,515 crore worth 80 million tonne (mt) projects. The awarded projects are more than 70 per cent of the 114 mt awarded last year at an investment of Rs 5,515 crore, according to reports. This year, so far, a total of 13 projects, including five public-private partnerships (PPPs), have been awarded.
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Govt awards 13 port projects worth Rs.5,515 cr in Apr-Nov
During April-November period, the Union Shipping Ministry has awarded Rs 5,515 crore worth 80 million tonne (mt) projects. The awarded projects are more than 70 per cent of the 114 mt awarded last year at an investment of Rs 5,515 crore, according to reports. This year, so far, a total of 13 projects, including five public-private partnerships (PPPs), have been awarded.
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Paradip Port surpasses VPT
In cargo handling, Orissa´s Paradip Port has gained a lead over Visakhapatnam Port Trust (VPT), Which had a record of handling the largest volume of cargo in the East Coast. Paradip Port has handled an additional five million tonne of cargo in this current year. Excluding handling of container and raw fertilisers, VPT has witnessed a decline in handling cargo including iron ore, thermal and cooking coal, and other cargo.
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AP cancels port project
The Rs 16,000 crore port-cum-industrial corridor deal has been cancelled by the Andhra Pradesh government. The government had signed the deal with Ras Al Khaimah Investment Authority and Matrix Enport Holdings in 2008 for building a port-cum-industrial corridor.
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India awards 13 port projects during April-Nov
During the last April-November period, the Union Shipping Ministry has awarded 13 port projects with a total capacity of 80 million tonne (mt). Last year, the Centre had awarded 14 PPP port projects. This is 30 per cent less than the total capacity of 114 mt awarded last year at an investment of Rs 5, 515 crore.