Following the resolution of environment issues, DP World would sign concession agreement with the Jawaharlal Nehru Port (JNPT) for setting up a 800,000 TEU container terminal. The Rs 1,000 crore project was awarded to DP World in October last year after the firm agreed to share 28.09 per cent of the revenue with JNPT
Tag: infrastructure
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Punjab cabinet clears policy to regularise colonies
At a meeting of the cabinet headed by Punjab Chief Minister Parkash Singh Badal, it was decided to clear the policy for Compounding or Regularization of Unauthorized Colonies or Buildings. The cabinet decided to approve the policy under the Punjab Laws (Special Provisions) Act-2013. The move would enable the government to provide basic civic amenities to about 5,000 colonies and 2 lakh indivi
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JNPT, ministry discuss Rs 8 bn project
Union Shipping Ministry and the Jawaharlal Nehru Port Trust (JNPT) are discussing the hurdles in implementing the Rs 800 crore container terminal project at the port. Last year, Dubai Ports World (DP World) was awarded the contract for setting up the terminal which will have a capacity to load 800,000 containers a year. DP World agreed to share 28.09 percent of its annual reve
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Indian infra sector presents huge opportunity for Aussie firms
The huge infrastructure investment target in the next five years in India presents great opportunity for Australian companies, a recent submission to the Australian Department of Foreign Affairs & Trade (DFAT) by researchers Amal Varghese and others shows. An opportunity exists for Australia to play a larger role in facilitating the financing (through structures such as public private partnerships) and leading practice governance models to support large infrastructure proje
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Minister seeks funds from centre for civic amenities
Delhi Urban Development Minister Arvinder Singh Lovely is in favour of vertical expansion of the city provided the union government financially supports the development of required infrastructure. Speaking to a media agency, Lovely said there is a need to strengthen basic services like drainage, water supply and power distribution network to allow vertical expa
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VPT to rope in consultant for Bheemili port project
Visakhapatnam Port Trust (VPT) plans to rope in a Delhi-based consultant firm, Aecom, for preparing a detailed feasibility report (DFR) for the proposed satellite port at Bheemili. In 6 months time, the consultant firm may submit its report after studying topographical, hydrological and other relevant aspects like projected traffic after two decades
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Odisha has 2nd largest share in completed PPP projects
As on April 30, 2013, Odisha had about 17 per cent share, in value terms, among all the completed public-private partnership (PPP) port projects across the country. This is the second highest share, after Gujarat, in the completed port projects across the country. Odisha had two completed port projects worth over Rs 4,100 crore under PPP as on April 30, 2013, a report from Assocham show
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Ennore port may allow bidder to decide on project
Media reports indicate that Ennore Port may give liberty to the the winning bidder for the proposed container terminal project to decide on whether to build the entire terminal in one go or in phases. Based on market condition, the winning bidder may decide how to implement the Rs 1,270 crore project and the port authority may not intervene in this, reports suggest
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Chabahar port may be beneficial for India
Indian government feels that the use of Chabahar port in southwestern Iran may be beneficial for the country as it would provide easier access to Afghanistan. India, Iran and Afghanistan have an agreement on preferential treatment and low tariffs for goods moved through Chabahar port, which also has a free trade and industrial zone in its vicinity
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Panel to clear highway projects less than Rs 5 bn
Highway projects worth costing less than Rs 500 crore may be approved by the Standing Finance Committee chaired by the union road transport and highways secretary. A proposal to this effect was approved by the Cabinet Committee on Economic Affairs (CCEA) recently. A statement released by CCEA said the committee will clear all p