The Airports Authority of India (AAI) has extended the deadline for short-listing operators for Chennai and Kolkata airports, hence privatisation of the two key airports will be delayed, say media reports.
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Vasan visits Japan to promote Indian ports
To discuss about increased utilisation of Indian ports, especially Chennai and Ennore, by Japan's business companies, the Union Shipping Minister GK Vasan, along with a delegation, is to discuss with the Japanese government and business community there. Vasan is scheduled to be in Japan from November 7 to 12 at the invitation of Akihiro Ohta, Japan Minister of Land, Infrastructure Transport and Tourism.
Israel Ambassador visits IDE plant
During his recent visit to Chennai, Ambassador of Israel Alon Ushpiz took a visit to IDE´s 100 million liters per day (MLD) Nemelli desalination plant. The plant, designed by MECON, was built by IDE Technologies (Israel) together with local Indian partner on EPC basis with a seven years operation and maintenance contract awarded by end client CMWSSB to IDE consortium.
Rs 43 cr allotted for widening Chennai road stretch
In Chennai, Rs 43 crore has been allotted by the Tamil Nadu government for widening a small stretch of Grand Southern Trunk Road in Irumbuliyur, Tambaram. Lot of mishaps have taken place on the stretch. A Government Order to this effect from the Highways and Minor Ports Department was passed earlier this month.
Chennai firm to start cruise liner from Mumbai
Using Mumbai as a home port, a cruise liner service will be started by a Chennai-based company Newport Maritime by next year. Newport Maritime, founded by Sivakumar Elayathamby Sinnarajah, a person of Sri Lankan origin and a US citizen, plans to invest $400 million over five years to run the service with two used luxury cruise ships.
AAI offers 30-year contract of Chennai, Lucknow airports
As part of privatisation, the Airports Authority of India (AAI) is offering a 30-year contract for Chennai and Lucknow airports. The privatisation is to be extended to Ahmedabad, Jaipur and Guwahati airports. The Union Civil Aviation Ministry said that eleven firms have shown interest to take up maintenance of the airports.
TN likely to get Rs 8,583 cr for road works
The Tamil Nadu government is likely to get Rs 8,583 crore for various road projects of 1,678 km of length. The road works are expected to commence from next year, Rajeev Ranjan, Principal Secretary, Highways and Minor Ports, said in Chennai on October 7.
Port operation -The efficiency factor
Slow evacuation of cargo from ports is only one of many operational hiccups that Indian ports are up against. Unsurprisingly, a majority of Indian ports have not invested sufficiently in mechanised material handling like its global peers.
Pvt firms to invest Rs. 4,250 cr in 6 airports
Private companies are likely to invest Rs 4,250 crore in airports at Chennai, Lucknow, Kolkata, Ahmedabad, Guwahati and Jaipur. The Union government has identified these airports for privatisation in the current financial year.
Tatas race for Chennai, Kolkata airport projects
Tata Group is likely to bid for 100 per cent stake in two airport projects Chennai and Kolkata airports.