The Visakhapatnam Port Trust (VPT) has outlined a Rs 3,000-crore expansion-cum-modernisation plan aimed at enhancing the port´s capacity by nearly 50 per cent.
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AP to scrap sops to private port developers
The Andhra Pradesh government would revoke orders issued by the previous Congress administration extending certain concessions to private port developers
Govt plans Rail Corp for ports
To bolster port development, the Centre plans to set up a Railway Corporation exclusively to build rail connectivity to 12 major ports.
Maharashtra puts port projects on fast track
Maharashtra Chief Minister Devendra Fadnavis has pushed two big port projects in the State. He is committed to investing in a railway connection for JSW Steel´s Jaigad port and laid a foundation stone of the much-delayed private port.
Rail Vikas Nigam to hold 10% in new ports infra entity
Government-owned Rail Vikas Nigam Ltd (RVNL) is to take 10 per cent equity in the new public sector unit (PSU) to be formed to enhance port connectivity through the railways.
Infrascape 2015 – There is positive sentiment and business….
There is positive sentiment and business confidence in the new government and its vision ´Make in India´. With the new government focused on improving infrastructure development, we are optimistic that the infrastructure sector will gather pace in the coming years.
Navayuga to sell stake in power co
Navayuga Power, a unit of CVR Group that operates the largest private port on India´s east coast
Parsons Brinckerhoff to review Adani´s coal project
Adani Enterprises has appointed Parsons Brinckerhoff as consultants to manage contract reviews for its A$7 billion ($6.2 billion) coal mine, rail and port project as it looks to start production by the end of 2017.
Cell for Iran´s Chabahar port project
The government has set up a cell to speed work and monitor the setting up of the Chabahar port in Iran within a deadline. The Jawaharlal Nehru Port Trust (JNPT) has nominated four officers for coordinating the work.
¨Raising large-scale infra funds is a difficult task¨
While the government and the RBI have eased norms and pushed for financing opportunities, actual benefits will take time to trickle down, says Vishwas Udgirkar, Senior Director, Deloitte India.