Iran's President Hassan Rouhani held talks with Afghanistan Vice President Hamid Ansari on transportation of goods from Chabahar port in Iran. Two Indian ports expressed interest to upgrade Chabahar port and India's External Affairs Minister Salman Khurshid held discussion with Iran on the matter
Tag: project
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GPPL to invest Rs 11 bn on capacity enhancement
In the next two years, APM Terminals-owned Gujarat Pipavav Port (GPPL) plans to invest Rs 1,100 crore to double container capacity and setup tank farms at an investment. GPPL, which runs IndiaÂ’s first private port at Pipavav, plans to expand its container capacity from the existing 850,000 twenty foot equivalent units of containers (TEUs) to 1.5 million TEU
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Govt preparing study on Delhi-Jaipur Expressway project
The government has is preparing the feasibility study for Delhi-Jaipur Expressway project. It will be too early to state about likely time of completion at this stage. This was stated by Sarvey Sathyanarayana, the Minister of State in the Ministry of Road Transport and Highways in response to a written question in Lok Sabha
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Minister examines progress of road projects at Guwahati
Vijay Chhibber, Secretary, Road Transport & Highways held a meeting at Guwahati on August 1, 2013 with the officers representing various agencies in the Region, viz. the state PWDs, BRO (Border Roads Organisation) and NHAI (National Highways Authority of India) to review the road projects in North East region. This was in line with the focused approach of the government towards improving the road infrastructure in partic
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Minister clarifies on 2 major port projects
The government has decided to set up two new major ports – one each at Sagar in West Bengal and the other at Dugarajapatnam in Andhra Pradesh. This information was given by Minister of Shipping GK Vasan in a written reply in the Lok Sabha. In respect of the Sagar Port, RITES has estimated capital cost (including connectivity project) at Rs 7,820 crore. The tentative cost for Dugarajapatnam has been estim
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Icra optimistic on cargo growth outlook at Indian ports
A report by rating agency Icra said cargo growth outlook for ports in India continues to be strong over the medium- to long-term driven by the rising coal requirement. But the report warned that major ports would continue to suffer from issues on capacity and efficiency because slow pace of project
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Land issues of Posco project may be resolved soon
Commerce and Industry Minister Anand Sharma expressed confidence that the issues involved in acquiring some forest land for the $12 billion steel project by South Korean steel major Posco in Odisha may be solved soon. Speaking to reporters, the minister said there have been some difficulties in acquiring certain section of land that was already either encroached or not free from encu
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Banks refinance Hindalco’s Rs 47 bn debt
State Bank of India and Axis Bank are learnt to have refinanced Rs 4,700 crore debt of Hindalco for the Utkal alumina project. The flagship company of the Aditya Birla Group managed to refinance the debt at an interest rate of 10.15 percent payable over an eight-year
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VPT to call fresh bids for Rs 6 bn project
Visakhapatnam Port Trust (VPT) decided to call fresh bidding for the Rs 633 crore project to expand the capacity of a container terminal to 850 meter from the present 450 meter. The port authority decided to call fresh bids as it failed to arrive at a consensus with the only bidder, Visakhapatnam Container Terminal Private Limited (VCTPL), in the earlier round of bidding. Both the port auth
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Experts urge govt to revamp tariff regime for major ports
Experts and industry watchers feel that the government must revamp the tariff structure governing major ports in the country and make them market-driven rather than being regulated by Tariff Authority for Major Ports (TAMP). Industry players and experts suggest the government to reform the tariff regime in the port sect