KV Rao, Chairman of Kakinada Deep Water Port informed a leading media that the port would spend Rs 650 crore over the next two years on dredging activity. The dredging activity is intended to increase depth of the entrance channel to 16 metre from the present 14 metre, reports suggest. The port authority expects to complete the dredging project by December 2014 after which the port
Tag: draft
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Association suggests port to dredge Hooghly river
In a memorandum to the Chairman of the Kolkata Port Trust, the Association of Shipping Interests in Calcutta (ASIC) urged the former to get dredging done in the Hooghly river through a private player. The association asked the port to examine the scope of appointing private dredging majors for better navigability on the Hooghly river. Currently, public sector Dred
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Experts suggest ports to spend on dredging
Experts suggest that Indian ports need to increase their draft by spending on dredging activity. As vessels get bigger, to reduce the unit cost of transportation, it becomes important for ports to have deep drafts to enable larger vessels to call on them, experts argue. Some firms like Adani Port and SEZ invested significantly in dredging equipment to maintain the channel depth. Ports under the central government spen
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Ministry releases draft norms for tariff structure
Union shipping ministry released a draft guideline for the tariff structure of the Major Port Trusts (MPTs). According to the guideline, the MPTs would be allowed to set their own tariff, which can be higher or lower than the reference tariff set by the Tariff Authority for Major Ports (TAMP
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Ministry releases draft norms for tariff structure
Union shipping ministry released a draft guideline for the tariff structure of the Major Port Trusts (MPTs). According to the guideline, the MPTs would be allowed to set their own tariff, which can be higher or lower than the reference tariff set by the Tariff Authority for Major Ports (TAMP
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DCI issues tax-free bonds worth Rs 5 bn
Dredging Corporation of India (DCI) is issuing tax-free bonds worth Rs 500 crore and has offered a coupon rate of 6.47 per cent for qualified institutional investors, domestic companies and high net worth individuals. The coupon rate is 7.47 per cent for retail investors. The bonds are of 10-year tenure and 40 per cent of the issue is earmarked for retail investors
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Indian airports need Rs 670 bn investment in 5 yrs
Civil Aviation Minister Ajit Singh informed reporters that according to current estimates, Indian airports would require an investment of about Rs 67,000 crore during the next five years alone of which 75 per cent is likely to be contributed by the private sector. It may be noted that the government approved 15 more airports under the Greenfield Airports policy with majority of them being developed under the public priva
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Ministry proposes 50% grant for dredging projects
The union shipping ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from thei
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Ministry proposes 50% grant for dredging projects
The union shipping ministry made a proposal to give up to 50 per cent of the capital dredging costs of ports as grants from the centre. Currently, there are no standard norms for budgetary support for dredging to ports. As a result, some ports get budgetary support, while some fund dredging from thei
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Draft policy calls for single e-window process
In the wake of delay in several steel projects and scams in allocating natural resources, the draft national steel policy suggests introduction of an online single e-window clearance for projects. The involvement of a large number of agencies in project clearances is considered to be a major hurdle in creation of green field steel capacities