A satellite-based navigation system is ready at Bangalore International Airport to ensure there are no delays in landing, long queues of aircraft to land or take off, delays in take-off and extended hovering. Hence passengers from Bangalore airport will get to depart and arrive on time on almost every flight with the functioning of the satellite-based navigation system.
Tag: December
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GVK, Aurizon tie-up
To develop a rail line and a new coal terminal jointly in Australia, GVK Coal Infrastructure (Singapore) Pte Ltd (GVK Hancock) and Aurizon Holdings of Australia have reached an agreement. The two projects are to come up at the Abbot Point Port to unlock the Galilee Basin´s coal resources in Australia. The tie-up is intended to provide sufficient equity and debt funding, including through third party debt finance, for the projects to reach financial closure.
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GVK, Aurizon tie-up
To develop a rail line and a new coal terminal jointly in Australia, GVK Coal Infrastructure (Singapore) Pte Ltd (GVK Hancock) and Aurizon Holdings of Australia have reached an agreement. The two projects are to come up at the Abbot Point Port to unlock the Galilee Basin´s coal resources in Australia. The tie-up is intended to provide sufficient equity and debt funding, including through third party debt finance, for the projects to reach financial closure.
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Belgaum airport upgrade
Belgaum airport in Karnataka is set to be upgraded. The existing runway in the airport will be extended to 1,830 m. The Union government has granted Rs 293 crore for the airport upgradation work. To make way for ATR-72 flights, the airport will be upgraded. ATR-72 flight has a capacity to accommodate 78 passengers and once the runway is stretched, more flights can be introduced from Belgaum.
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AAI eyes Rs.1,500 cr profit this fiscal
After the Airports Economic Regulatory Authority (AERA) revised the airport tariffs, the Airports Authority of India (AAI) is expecting a net profit of Rs 1,500 crore this fiscal on account of increase in revenue.
AAI said that it expects to earn a net profit of Rs 1,500 crore as it has seen improvement because of new increased tariff regime of AERA. AAI claimed that the State-run airport operator would not lose any revenue on account of privatisation of six airports, including Kolkata and Chen
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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.
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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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Panel suggestions to bring relief to hway developers
The C Rangarajan Committee is expected to suggest reduction and deferment of premium to be paid by road developers to National Highways Authority of India (NHAI). Hence, with the panel measures, several highway developers are set to get major relief. Rangarajan committee is likely to recommend that for six-laning of highway projects, at least 25 per cent reduction in annual premium payment to NHAI during construction period and about 50 per cent during subsequent years.
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TPG stake in Karaikal Port
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.