A joint venture between Ningbo Port Group and APM Terminals would invest in and operate berths 3, 4 and 5 at NingboÂ’s Meishan Container Terminal in China. Both the parties have recently entered into an agreement
for this joint venture. While Ningbo Port Group would invest 75 percent, APM Terminals would contribute the remaining 25 percent in the joint venture. The berths are expected to ope
Tag: infrastructure
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APM Terminals to join hands with Ningbo Port
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Ministry may direct major ports on work site preference
Media reports indicate that the union shipping ministry may ask all major ports to wind up their marketing offices and allow all its senior officers to work from the port premises. Recently, the shipping ministry directed Jawaharlal Nehru Port Trust (JNPT) to close its 7,000-sq feet office on the top floor (31st) of the World Trade Centre (WTC) at Cuffe Parade in South
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Minister proud of performance in 2012-13
Union Minister for Shipping GK Vasan said the achievement of his ministry was outstanding during 2012-13, in terms of awarding capacity augmentation projects at major ports. The ministry awarded 32 projects in 2012-13 which will add a capacity of 137 mn mtpa (million metric tonne per annum) at an estimated investment of Rs 6,765 crore. This is the best performance for any year in the
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Pipavav port handles 6% more marine export cargo
Gujarat-based Pipavav port handled 233,738 tonne of marine exports in 2012-13, 6 per cent higher than 219,801 tonne handled in the previous year, data from Marine Products Export Development Authority shows. It is learnt that the port continues to be a leading facility for export of seafood, in terms of quantity, for the second consecutive year in 2012-13
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BRO to repair highways damaged in flood
The Border Roads Organization (BRO) would focus on repairing and restore the damaged highways in areas badly-affected by flood in Uttarakhand. After reviewing the damage caused to roads, including the strategic ones being built along the border with China, in the flash floods in Uttarakhand, Defence Minister AK Antony asked the BRO to carry out their repairs within the earliest possible time-frame
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Study cites disaster risks in Delhi metro rail system
A report by the United Nations office on disaster risk reduction, UNISDR, points out that over 50 stations (phases I & II) of the Delhi Metro are located in areas of high-earthquake hazard, exposing the line to earthquakes of up to a magnitude of 8 on the Richter scale. UNISDR said this in its Global Assessment Report (GAR), which was released on June 3 for the Asia-Pacific region. One of the stations was also built in a high-flood hazard area. In both cases, hazard information was avail
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Uttarakhand crisis presents opportunity for infra and construction firms
While the government is still assessing the funding requirement for restoring the basic infrastructure like roads and bridges in the flood-hit Uttarakhand, some reports suggest an upward of Rs 10,000 crore may be needed. The worst-affected districts of Rudraprayag, Chamoli, Uttarkashi and Pithoragarh may need at least Rs 10,000 crore for reconstruction of damaged roads and brid
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Uttarakhand hydel projects in troubled waters
The massive flood in Uttarakhand has not only affected the lives of common men in the state, but also the business of several companies. For example, companies that are setting up various projects in the state are facing tremendous risk. Companies like L&T Hydro, Lanco Group and UJVN, that are setting up a series of hydel projects in the Rudraprayag area, may be badly affected
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UN raises concern on PPP projects in India
According to a report by the United Nations (UN), public private partnership (PPP) projects in India do not necessarily lead to improved disaster risk assessment and management, and they may underplay disaster risks or lead to their transfer as shared costs to the public sector or to city residents. The international agency said this in its Global Assessment Report (GAR) on disaster risk reduction. The 2013 GAR study on disaster risk reduction is the third biennial report coordinated by the UN's
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Bihar to execute key construction work in FY14
The building construction department (BCD) of the Bihar government, which has a plan size of over Rs 78 crore for 2013-14, is set to develop key construction works including Bihar Museum, International Convention Centre and MLA or MLC flats etc. The department will also implement the expansion of secretariat, police headquarters building and employment exchange among others