To accelerate the flow of long-term funds into various projects in areas such as power, roads and ports, the Union Finance Ministry may put in place within a month the modalities for a new structure of the Infrastructure Trust Fund, the Ministry stated. The proposed fund is expected in the nature of REIT (Real Estate Investment Trust), which are prevalent in many countries like Singapore.
Tag: Ports
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Illegal iron ore exports through ports to be probed
The Karnataka government has taken more initiative to probe into the illegal iron ore mining and export through ports in the state. A special court is to be established to try the cases related to the illegal iron ore mining. The Chief Minister Siddaramaiah will soon form a cabinet sub-committee to monitor and oversee all investigations.
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Container traffic dips in Seattle, Tacoma ports
The combined container volume of Seattle and Tacoma ports in August was 2,96,28,920-foot-equivalent units, declining 5.5 per cent from 313,602 TEUs in August 2012, say media reports.
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AP bandh hits work at Kakinada ports
Agitation demanding the Centre to keep Andhra Pradesh united has hit operations at the two ports — the old anchorage port and also the new deepwater port in Kakinada in the coastal area of the state. On Septebmber 24, a bandh call was given by AP NGOs’ Association and the joint action committee for preserving the unity of Andhra Pradesh.
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Fall in trade reduces turnaround time in major ports
Average turnaround and pre-berthing time for ships declined 7 per cent and 11 per cent, respectively at major ports during April and May 2013. The decline of these two variables, which indicate improved efficiency, is not due to capacity addition, but due to a fall in trade, as the number of vessels handled by ports fell from 3,260 to 3,139 during the period, reports indic
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A difficult environment like now is time to take fewer risks
When times are tough, it's time to soften up. But while banks need to be supportive to the industry in difficult times, they are not geared up to involve themselves at a pre-project stage, says RK Dubey
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Anti-bifurcation stir hits fertiliser movement at AP ports
In Andhra Pradesh the ongoing anti-bifurcation agitation in the coastal Andhra Pradesh is causing huge loss to ports in the state. Fertiliser handlers at seaports, particularly in Visakhapatnam port, are incurring huge demurrage (a charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed.) losses over the last three weeks due to the agitations.
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Jawaharlal Nehru Port loses place in top 30 list
For a number of years Jawaharlal Nehru Port (JNPT) lost its 30th rank among the world's container handling ports owing to issues like strong competition from ports such as Mundra, Pipava and Hazira and delay in the developing the fourth container terminal. The London-based “Containerisation International” publishes the list of leading 30 container ports. Until now,
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Industry wants govt to focus on issues in port sector
Industry players suggested the government to pay renewed attention to the issues facing port sector in India. Some of the issues facing the sector are lack of clarity on land acquisition policy in an around port area, implementation delays in public private partnership (PPP) projects and faulty tariff structure governing major port
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Industry wants govt to focus on issues in port sector
Industry players suggested the government to pay renewed attention to the issues facing port sector in India. Some of the issues facing the sector are lack of clarity on land acquisition policy in an around port area, implementation delays in public private partnership (PPP) projects and faulty tariff structure governing major port