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CCI asks agencies to stick to timeline

CCI asks agencies to stick to timeline

At a recent meeting, the Cabinet Committee on Investments (CCI) urged security agencies to stick to the 12-week timeline, prescribed by the Cabinet Committee on Security. It may be recalled that earlier, the Cabinet Committee on Security decided to adhere to a 12-week timeline for
providing inputs on port development projects that are delayed owing to pending clearances. Following this, the shipp

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Security nod to firms augurs well for port sector

Security nod to firms augurs well for port sector

The recent security clearances given by the union government to three infrastructure companies in the port sector may enable more private sector participation in port projects, reports suggest. The union government gave security approval for Adani Ports, Punj Lloyd, and Gammon Infrastructure to participate in port projects. Once given, these clear

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Appointment of new chairman may take 5 months

Appointment of new chairman may take 5 months

Media reports indicate that it may take at least four to five months to appoint a new chairman for the Jawaharlal Nehru Port Trust (JNPT), whose current Chairman L Radhakrishnan was appointed home secretary of Kerala. Radhakrishnan was the chairman of the largest container port in the country for over three years. Till the time a new chairman is appointed, the deputy chairman has been handed charge and some reports sugg

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Proposed port in AP to boost cargo volume from east coast

Proposed port in AP to boost cargo volume from east coast

Industry chambers feel that the proposed Rs 8,000 crore major port in at Dugarajapatnam in Vakadu 'mandal' or block of Andhra Pradesh may boost export and import from the east coast and contribute to the economic progress of the state. It may be noted that the Cabinet Committee on Economic Affairs recently cleared the proposed port project, which is coming up on a 5,000 acre land in the stat

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JNPT reviews plan to split Rs 82 bn container terminal project

JNPT reviews plan to split Rs 82 bn container terminal project

The board of trustees of the Jawaharlal Nehru port (JNPT) is considering whether to award the Rs 8,200 crore container terminal project by splitting it into two contracts or awarding it as a single contract. L Radhakrishnan, Chairman of the port, advocated splitting the project on grounds that developing the terminal through two competing partners by redesigning the p

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Board of Chennai port clears plan to conduct fresh bidding

Board of Chennai port clears plan to conduct fresh bidding

It is learnt from media reports that the board of trustees of the Chennai port approved a proposal to conduct fresh price bidding from pre-qualified bidders for the Rs 3,686 crore container terminal project. The move comes after the central government allowed Adani Ports and Special Economic Zone (APSEZ), IndiaÂ’s biggest private port operator, to partic

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CCEA clears two major port projects

CCEA clears two major port projects

The Cabinet Committee on Economic Affairs (CCEA) approved the setting up of two major ports, one each in West Bengal and Andhra Pradesh. The ports would be set up in at Sagar Island, West Bengal and at Dugarajapatnam in Andhra Pradesh on Public Private Partnership (PPP) mode. According to a government press release, the existing port facilities at Kolkata and Haldia are riverine ports and are f

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Port projects fail to attract pvt investment

Port projects fail to attract pvt investment

Reports suggest that the union government is facing difficulty in attracting private investment in port projects. It is learnt that projects in Visakhapatnam, Chennai and Tuticorin Port Trusts have not seen a single bid coming in from the private sector in the last

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CCEA may clear Andhra, West Bengal port projects

CCEA may clear Andhra, West Bengal port projects

The cabinet committee on economic affairs (CCEA) is likely to clear the two major port projects in Andhra Pradesh's Ramayapatanam and West Bengal's Sagar. The two projects are part of the centre's plan to award as many as 30 ports worth Rs 24,600 crore during the current year and enhance the cargo handling capacity by 288.48 million tonne