The VO Chidambaranar Port Trust, Tuticorin, has issued a letter of intent (LI) for grant of licence for deployment of floating cranes at the port´s water limits for 10 years for handling cargo in vessels at the anchorage, transport of cargo through barges and handling cargo at shore. The port trust has issued the LI to Seaport Logistics.
Tag: India
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PMG mandate to be widened
Investors want the mandate of Project Monitoring Group (PMG) widened to ensure timely decisions on their investments. At a conference, Anil Singh, Senior Vice-President and Managing Director, DP World, enquired if the mandate of PMG would also be widened to look into FDI already made in the port sector.
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PPT plans capacity addition
The Paradip Port Trust (PPT) has entrusted RITES to make a study on traffic, the creation of new handling facilities, setting up of a logistics park and also assess rail connectivity. Several initiatives have been undertaken to further increase port capacity and cargo flow over the coming years.
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MPT handles largest vessel
Mormugao Port Trust (MPT) received its largest cargo carrying ship till date, the MV Dhun, on 2 February. The ship brought around 1,04,000 tonne of cargo. MPT-Æs Chairman P Mara Pandiyan congratulated all the crew members of the ship for their efforts in bringing the large vessel into the port.
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CCEA approves five port expansion projects
The Cabinet Committee on Economic Affairs (CCEA) has approved five projects involving an investment of over Rs 17,630 crore to increase the capacity of major ports, a government release said. These five projects are at an advance stage of tendering and are expected to be awarded by the end of March. Of the five projects approved, four are container terminals and one is a multi-purpose cargo berth project in Mumbai port.
The four container terminals are proposed in the major ports of Kandla (wit
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JSW Infra to set up container terminal in Ratnagiri
JSW Jaigarh Port is planning to set up a 1-km berth container terminal in Ratnagiri. The bidding for this project is in the final stage and the project will be completed very soon. ITD Cementation India,Simplex Infrastructure and L&T are among the shortlisted bidders for this terminal, which is budgeted at around Rs 2,000 crore, according to reports. After the completion of the bidding process, the project is expected to take about two years to come on-stream and so it is expected to be operati
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L and T and Marg Group consider exiting port trade
Larsen and Toubro (L and T) and Marg Group are looking at the possibilities of exiting their port business. These engineering, procurement and construction (EPC) firms bid aggressively for port projects hoping to benefit from a booming economy and fast-growing world trade. But with the slowdown hitting both global and local economies.
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Centre approves Goa road projects
The Central government, at the request of the PWD Minister of Goa and Goa MPs, decided to approve road projects in Goa.
The projects include Canacona national highway bypass which included Galjibag and Talpon bridges, western bypass in Salcete, Dhavli bypass, Ribandar bypass and missing link on NH 17B at Loutolim, etc.
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ADB approves road projects in Phailin hit area
The Asian Development Bank (ADB) has approved Rs 966.75 crore for 484 new road projects to be implemented across 14 districts of Odisha hit by tropical cyclone Phailin and subsequent floods. A total road network of 1,790.37 km will be established in the 14 affected districts. The assistance has been approved by ADB under the third tranche of Pradhan Mantri Grameen Sadak Yojana (PMGSY) for 2013-14.
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Ashoka Buildcon consortium bags Karnataka road project
A consortium of Ashoka Buildcon and GVR Infra Projects (51:49) has bagged a Rs 318-crore road project from the Karnataka government. The project involves improvement of 110 km of stretch. The consortium (51:49) had submitted bid for the project involving design, build, finance, operate, maintain and transfer (DBFOMT) of the state highway from Mudhol to Maharashtra Border.