Colombo International Container Terminals (CICT) completed a greenfield deep water container terminal project within 28 months as against the original timeframe of 60 months. Work on the terminal began in December 2011. In the course of time, the terminal operator or CICT revised the plan and expedited the project to complete it within 28 months
Tag: project
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Poovar region touted as ideal site for shipyard project
The Poovar-Pozhikkara region is an ideal location for the proposed ship building and repair yard, suggested 'Thiruvananthapuram Coastal View' a forum for the development of the capital city of Kerala. Therefore, the forum urged the state government to recommend the region, which is a nearby beach resort of Thiruvananthapuram, as the site for the yard project
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Several infra projects in Mumbai face delay
Several infrastructure projects in Mumbai are delayed because of various reasons including the lack of co-ordination between Maharashtra State Road Development Corporation (MSRDC) Mumbai Metropolitan Region Development Authority (MMRDA). Therefore, some experts argue that these infrastructure projects must be implemented by only one
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Pvt players show less interest in port projects
Interest shown by the private sector in port projects has declined in recent years because of the general slowdown in the economy, accompanied by low cargo volume and a difficult funding environment. Owing to these factors and the risks involved in implementing big-ticket projects, port developers are seen to prefer smaller projects with a lower risk profile, reports indicate
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Experts want ministry to make PPP contract attractive
Experts want shipping ministry to make the public private partnership (PPP) contracts attractive to promote private investment in port sector. Industry watchers want the ministry to grant flexibility to port operators to build capacity gradually, depending upon the growth in cargo rather than in one go at the beginning of the contract period, irrespective of volume
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Unions oppose privatisation in port sector
Labour unions in some of the major ports in the country are opposing privatization of cargo-handling activities for fear of losing jobs. India has 12 major ports, which are controlled by the union government. The shipping ministry has planned to implement several port projects on public private partnership (PPP) mode, thereby attracting priva
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Ministry asked to award one major port project in 6 months
At a recent review meeting of infrastructure ministries, Prime Minister Manmohan Singh asked the shipping ministry to award only one of the proposed two major port projects over the next six months. It may be recalled that the union budget 2013-14 proposed to set up two major port projects, one each in Andhra Pradesh and West Bengal. Of late, private companies developed cold shoulder in implementing projects in the port sector. Projects award
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Uncertainty in dredging may affect Haldia project
With the central government withdrawing dredging subsidy for dredging projects in Kolkata port, industry watchers raise concern about the ability of the financially strained port to dredge the channel. Dredging of the channel is required in order to attract large ships and thereby boost cargo traffic in the port.
Inability to dredge the channel may affect the prospect of th
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun
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Govt to implement 8 airport projects in 2013
Eight airports would be set up in 2013 in tier II and tier III towns across the country by the Airport Authority of India (AAI) in partnership with private sector and the state governments, reports indicate. These eight projects are part of the government's plan to set up nearly 50 airports in tier II and tier III towns across the country in the coming years. Industry watchers welcomed the move by the government to set up airports in small towns across the coun