The board of the Jawaharlal Nehru Port Trust (JNPT) would soon take a decision to break the deadlock on the Rs 800 crore container loading facility project to be developed by DP World. The proposed facility, with a capacity to load 800,000 standard containers a year, is key to JN PortÂ’s expansion plans
Tag: Jawaharlal Nehru Port Trust
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JNPT to award Rs 82 bn terminal project as single contract
Unconfirmed reports indicate that the board of trustees of Jawaharlal Nehru Port Trust (JNPT) decided to award the Rs 8,200-crore fourth container terminal project as a single contract instead of the earlier proposal to split it into two. The board of trustees decided this at a recent meeting. It also decided to issue a tender for the much delayed project in the next few
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Ministry wants to expedite Rs 90 bn terminal project
Union shipping ministry wants to expedite the award of the Rs 9,000 crore fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT) in Mumbai. The project has been delayed by more than three years after a consortium of Port of Singapore and ABG Ports exited the contract. The consortium had outbid others then by offering to share more than 50 percent of th
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Appointment of new chairman may take 5 months
Media reports indicate that it may take at least four to five months to appoint a new chairman for the Jawaharlal Nehru Port Trust (JNPT), whose current Chairman L Radhakrishnan was appointed home secretary of Kerala. Radhakrishnan was the chairman of the largest container port in the country for over three years. Till the time a new chairman is appointed, the deputy chairman has been handed charge and some reports sugg
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JNPT reviews plan to split Rs 82 bn container terminal project
The board of trustees of the Jawaharlal Nehru port (JNPT) is considering whether to award the Rs 8,200 crore container terminal project by splitting it into two contracts or awarding it as a single contract. L Radhakrishnan, Chairman of the port, advocated splitting the project on grounds that developing the terminal through two competing partners by redesigning the p
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GPP’s capex may benefit the port
Some analysts feel that the proposed capital expenditure of Gujarat Pipavav Port (GPP) may benefit it in the long run. It may be noted that the port plans to execute Rs 11 bn worth projects to expand its present berth capacity. It plans to double container capacity by March 2015 to 1.5 mn TEUs and increase bulkhandling capacity to 10 mn ton
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JNPT revokes cancellation order against DBC
At a recent meeting, the board of trustees of Jawaharlal Nehru (JN) Port decided to continue with the agreement of DBC Port Logistics to operate a container freight station (CFS). The port management was authorized by the board to consider levying a penalty on DBC as a deterrent against potential contractual breaches
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Investors lose appetite for tax-free infrastructure bonds
Industry players feel that capital market investors and private equity funds have low appetite for investment in infrastructure sector because of inherent risks involved in such ventures. Poor appetite among investors for this sector is evident from the weak response to the bond issues of infrastructure companies. Ennore Port, Dredging Corporation of India and the Jawaharlal Nehru Port Trust (JNPT) received tepid respo
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New tariff norms may apply if JNPT calls fresh bidding
The new port tariff norms, introduced by the shipping ministry, would be applicable to the 330-metre container berth project at the Jawaharlal Nehru Port Trust (JNPT) if the award of contract were to be cancelled for any reason and bids re-invited for the same project next fiscal. DP World emerged the successful bidder for the proje
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Kandla Port invests in bonds of Ennore Port
Kandla Port Trust is said to have invested Rs 20 crore in the tax-free bonds issued by Ennore Port, the entity that runs Ennore Port in Tamil Nadu. According to Kandla Port, the ministry of shipping asked it to subscribe to the bond issue of Ennore Port. The direction from the ministry came understandably because of the poor response from investors to the bond