For the second time in a row, Gujarat Maritime Board (GMB) extended the global bid submission date for the proposed Ro-Ro ferry service in the Gulf of Cambay region. The board has reportedly extended the dates for Request for Qualification (RFQ) submissions because the bidders were not able to find the right mix of Ro-pax vess
Tag: project
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Work on Chennai Port connectivity project set to begin
Work on the much-delayed Rs 1,815-crore Chennai Port-Maduravoyal elevated expressway project may begin soon with the state Water Resources Department (WRD) asking NHAI to realign the expressway and proceed work. In places such as Spurtank Road and downstream of Choolaimedu bridge, the WRD asked National Highways Authority of India (NHAI), which is imple
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Container traffic at NMPT rises
New Mangalore Port Trust (NMPT) has reportedly handled 37,101 Twenty Foot Equivalent Unit (TEU) of container cargo so far during 2012-13 compared to 35,792 TEU handled during the corresponding period of 2011-12. This represents a growth rate of 3.66 percent. The port expects the container traffic to rise going forward once
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CCI to discuss clearance for infra projects today
Media reports suggest that the Prime Minister-led Cabinet Committee on Investment (CCI) would meet today for the first time after it was set up to provide single window clearance to mega industrial and infrastructure projects. It may be recalled that several projects in the road, power, steel, oil and gas and other sectors are delayed beca
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HPCL mulls LPG storage facility for Rs 700 cr
Media reports suggest that Hindustan Petroleum Corp (HPCL) is discussing the feasibility of a Rs 600-700 crore project to set up underground storage facility for liquefied petroleum gas (LPG). The company proposes to set up the facility, which would be its second one, in Mangalore and it is expected to arrive at a decision on the project in the next six
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APSEZ to use stake sale proceeds for east coast project
Media reports suggest that Adani Ports and Special Economic Zone (APSEZ) would divest its stake in the Australia's Abbot Point port and use the sale proceeds to invest in its venture in the east coast of India. It is learnt that the Board of Adani Ports has in-principle decided to divest its significant stake in entities cont
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Container terminal at Katupalli Port to go on stream
The Rs 2,000-crore container terminal at Larsen & Toubro's (L&T) Katupalli port near Chennai is expected to go on stream soon. Tamil Nadu Chief Minister J Jayalalithaa planned to inaugurate the terminal, which has been ready for operation for over five months. The inauguration was dela
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Essar Ports awaits govt nod for expansion projects
Essar Ports is awaiting the approval of the Gujarat government and necessary clearances in order to go ahead with its proposed $1.8 billion expansion projects in two ports, Salaya and Hazira. The country's second-largest private sector port and terminal company signed a Memorandum of Understanding (MOU) with the Gujarat Maritime Board rece
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Banker stresses on timely nod for projects
Chanda Kochhar, MD and CEO of ICICI Bank stressed on the need to ensure that the projects under implementation get the necessary last mile clearances and linkages so that the assets become productive on schedule. She said this to a leading news agency when asked about banks' exposure to large infrastructure and indus
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Minister gives assurance on Posco’s $12 bn project
At a recent meeting with South Korean Minister Sukwoo Hong, India's Commerce and Industry Minister Anand Sharma assured that Prime Minister Manmohan Singh was personally monitoring the progress of PoscoÂ’s $12-billion steel project in Odisha. Sharma met his South Korean counterpart at the Partnership Summit organised by the CII to discuss bilat