Kochi Metro Rail (KMRL) plans to develop a 17.315 acre land at Kakkanad into a modern multi-utility centre with urban amenities such as markets and civic facilities as well as recreational centre. Recently, the Board of Directors of the body cleared the invitation of expressions of interest (EoIs) for preparing a master plan for this project
Tag: agreement
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JNPT revokes cancellation order against DBC
At a recent meeting, the board of trustees of Jawaharlal Nehru (JN) Port decided to continue with the agreement of DBC Port Logistics to operate a container freight station (CFS). The port management was authorized by the board to consider levying a penalty on DBC as a deterrent against potential contractual breaches
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Plan panel differs on powers of the proposed road regulator
Recently, an inter-ministerial meeting was held for the first time to discuss the proposal to set up a regulator for the road sector. The meeting was attended by the officials from the finance ministry, the law ministry and the National Highways Authority of India (NHAI). During the meeting, Planning Commission expressed strong reservations over giving the proposed regul
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Consortium agrees to transfer terminal to Kandla Port
A consortium of ABG Infralogistics and PSA International, which operates a container terminal at the Kandla port in Gujarat, agreed to transfer the terminal assets to the port authority, reports indicate. Consequently, a 30-year concession agreement signed between the the port authority and ABG Kandla Container Terminal in June 2006 for developing and oper
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Maritime board revokes nod for Rs 20 bn project
Media reports indicate that Tamil Nadu Maritime Board revoked the approval given to Goodearth Shipbuilding for its proposed Rs 2,000 crore shipyard and captive port project at Silambimangalam in Cuddalore district. The board also cancelled the relevant agreements entered into with the company to develop a captive shipyard within Silambimangalam shipyard port limits in Cud
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Govt decided to extend concessions for stalled road projects
At a recent meeting between finance minister P Chidambaram and road transport minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.The concessions could include the possibility of developers backloading payouts to NHAI in the latter years of the concession period to offer relief early into the
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Govt decided to extend concessions for stalled road projects
At a recent meeting between finance minister P Chidambaram and road transport minister CP Joshi, it was decided to extend concessions to stranded highway projects under the public private partnership (PPP) mode.The concessions could include the possibility of developers backloading payouts to NHAI in the latter years of the concession period to offer relief early into the
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ArcelorMittal expects decision on pact renewal in 9 months
Odisha government may decide on the application of ArcelorMittal for renewing its memorandum of understanding (MoU) on the proposed 12 million tonne per annum (mn tpa) steel plant, in the next six to nine months. In 2006, both the state government and ArcelorMittal signed the agreement for the steel plant and
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ArcelorMittal expects decision on pact renewal in 9 months
Odisha government may decide on the application of ArcelorMittal for renewing its memorandum of understanding (MoU) on the proposed 12 million tonne per annum (mn tpa) steel plant, in the next six to nine months. In 2006, both the state government and ArcelorMittal signed the agreement for the steel plant and
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Macquarie SBI buys 74% stake in GMR road project in AP
To sell 74 per cent stake in GMR Jadcherla Expressways, GMR Highways has signed an agreement with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust. This GMR Group operates the GJEL Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI.