A 50-year-old land dispute between Odisha government and Paradip Port Trust has been resolved with the government agreeing to alienate nearly 6285.58 acres in favour of the port and retain only 597 acres in four revenue villages within the port limits. Though the state government had handed over the port to the central government in 1965, the formal land transfer could not be effected on technical grounds.
Tag: Port
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L&T exits Kachchigarh port on environmental concerns
Larsen & Toubro has exited the project to develop a port at Kachchigarh in the state of Gujarat citing environmental concerns, the company informed the bourses.
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License fee for services increased
The government has revised the rates for various services extended at the minor and intermediate ports in the state of Andhra Pradesh.
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Govt should incentivise coastal shipping
The ports and terminals developed under public private partnership (PPP) model in Gujarat have been performing quite well over the years, in terms of the efficiency parameters, says Amrendra Kumar Rakesh, Vice Chairman & CEO, Gujarat Maritime Board.
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Portal of Economic Growth
The Maritime Agenda envisages plans for creation of port capacity of around 3200 MMT for handling the expected traffic of about 2500 MMT by 2020. However, in order to scale up this capacity
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MMB, JNPT plan port at Wadhwan
The Maharashtra government has decided to revive the development of an all-weather port at Wadhwan.
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JSW modernises Jaigarh Port to handle capesize ships
JSW Jaigarh Port achieved another significant distinction on April 17th , 2015 by becoming the first port on the Coast of Maharashtra to berth a capesize vessel, MV Indian Friendship (200000 DWT)
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Adani plans Rs.20k cr clean energy park in Mundra
Adani Group plans to set up an Integrated Renewable Energy Park at Mundra in Kutch district, close to its port and SEZ. The park, if it comes into existence, would be the first of its kind and will need an investment of Rs 20,000 crore.
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Goa to get Rs.700 cr infra boost
In a major step to give a boost to the poor infrastructure in Goa, the Chief Minister Laxmikant Parsekar has proposed to increase the budget of the state infrastructure development corporation (GSIDC)-the special purpose vehicle for such projects-to Rs 700 crore which is almost three times of the previous year.
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Government to set up INWTG
The Government is considering a proposal to set up an Integrated National Waterways Transport Grid (INWTG) which covers mainly five National Waterways. The INWTG includes development of the National Waterways with at least 2.5 meter Least Available Depth (LAD), upgrading/ setting up of priority terminals, establishing road connectivity, wherever feasible, rail and port connectivity.