Colombo International Container Terminals (CICT) completed a greenfield deep water container terminal project within 28 months as against the original timeframe of 60 months. Work on the terminal began in December 2011. In the course of time, the terminal operator or CICT revised the plan and expedited the project to complete it within 28 months
Tag: infrastructure
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Surat corporation wants govt to clear TP schemes
Surat Municipal Corporation (SMC) requested the state government to clear all its town planning (TP) schemes in a time-bound manner to enable planned development of the city. There are 128 TP schemes for the city of Surat that are on different stages of implementations. Of these, only 28 received the final approval so far and 30 are on preliminary stage. Further, 60 are on sanctioned draft TP scheme stage, 7 on draft submitted to government stage and
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Punjab govt allots Rs 25 bn for various projects
In order to implement various projects in the sewerage, water supply, road, housing and other sectors in Ludhiana, Punjab government allocated Rs 2,499.74 crore. The amount includes Rs 1,352.20-crore to upgrade road infrastructure, including 8 laning of Ferozepur Road from Sidhwan Canal to MC limit, among others. The government allotted Rs 398.35 crore for upgrade of Ham
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Several infra projects in Mumbai face delay
Several infrastructure projects in Mumbai are delayed because of various reasons including the lack of co-ordination between Maharashtra State Road Development Corporation (MSRDC) Mumbai Metropolitan Region Development Authority (MMRDA). Therefore, some experts argue that these infrastructure projects must be implemented by only one
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Pvt players show less interest in port projects
Interest shown by the private sector in port projects has declined in recent years because of the general slowdown in the economy, accompanied by low cargo volume and a difficult funding environment. Owing to these factors and the risks involved in implementing big-ticket projects, port developers are seen to prefer smaller projects with a lower risk profile, reports indicate
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Experts want ministry to make PPP contract attractive
Experts want shipping ministry to make the public private partnership (PPP) contracts attractive to promote private investment in port sector. Industry watchers want the ministry to grant flexibility to port operators to build capacity gradually, depending upon the growth in cargo rather than in one go at the beginning of the contract period, irrespective of volume
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Unions oppose privatisation in port sector
Labour unions in some of the major ports in the country are opposing privatization of cargo-handling activities for fear of losing jobs. India has 12 major ports, which are controlled by the union government. The shipping ministry has planned to implement several port projects on public private partnership (PPP) mode, thereby attracting priva
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Cargo volume rises 40% in Gangavaram port
Cargo volume at Gangavaram port rose 40 per cent to 4.2 million tonne in Apr-Jun 2013 compared to 3 million tonne in the year-ago period. Over 85 per cent of the cargo handled by the port is coal, while the remaining were limestone, timber, fertilisers and other items, reports indicate. During 2013-14, the port expects to handle over 15 million tonne cargo compared to 13.09 million tonne in the previous year
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun