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
Tag: Consortium
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Shipping firms agree to launch service from Abu Dhabi
A consortium of shipping firms -Orient Express Line (OEL), Simatech and X-Press Feeders - arrived at an agreement with Abu Dhabi Terminals (ADT) to launch service between Khalifa Port Container Terminal (KPCT) and India. It may be noted that ADT is the manager and operator of Abu DhabiÂ’s four main commercial ports. The proposed direct service would link trade between Abu Dhab
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SAIL-led consortium to meet Afghan officials
The Indian consortium, that won the bid to mine iron ore reserves in Hajigak near Kabul in Afghanistan over one year ago, would meet officials of mining ministry in the country in a month's time. Although the consortium bagged the mining asset over a year ago, it has not signed a mining contract with the Afghan government because of contentious
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Panel selects consultant for expressway project
The consultant evaluation committee for the greenfield six lane access controlled Agra to Lucknow expressway project has finalised consultant for the project. At a meeting headed by Infrastructure & Industrial Development Commissioner (IIDC) Anil K Gupta, the com
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ArcelorMittal to trim debt via stake sale
As part of its strategy to offload assets and reduce debt, ArcelorMittal decided to sell 15 percent stake in Canada's Labrador Trough iron ore mining and infrastructure asset. The stake would be bought by a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp in a deal valued at $1.1 billion, repo
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Bankers to lend Rs 8.3 bn for Rs 11 bn road project
A consortium of bankers agreed to provide Rs 830 crore syndicated loan to Hospet-Chitradurga Tollways (HCTL) for the Rs 1,102.81-crore road project in Karn
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PSA-ABG consortium wins bid for JNPT terminal
The Board of trustees of the Jawaharlal Nehru Port Trust (JNPT) decided to award the contract for its fourth container terminal to the consortium of Singapore's PSA and the ABG group in India
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