With a stable, reform-friendly government in place, the Indian infrastructure growth story is looking for the right implementation strategy and on-ground action. Here are the key current infrastructure trends and the outlook for 2015.
Tag: PSA International
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CITPL caters to 5 mainline services to East Asia
According to a press release of the Chennai International Terminals (CITPL), the terminal caters to five mainline services to East Asia, two Colombo services and two coastal services. The release further said that the terminal has a total of seven quay (all twin lifts) and 18 rubber-tyred gantry cranes, which have more than doubled the handling capacity of the terminal
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Consortium agrees to transfer terminal to Kandla Port
A consortium of ABG Infralogistics and PSA International, which operates a container terminal at the Kandla port in Gujarat, agreed to transfer the terminal assets to the port authority, reports indicate. Consequently, a 30-year concession agreement signed between the the port authority and ABG Kandla Container Terminal in June 2006 for developing and oper
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JNPT explores legal options against PSA
Jawaharlal Nehru port (JNPT) is said to be exploring all legal and administrative options on actions to be taken against PSA International for reneging its contract to set up the proposed fourth container terminal. The proposed terminal project was designed to load 4.8 million standard containers a year. According to Kevic Setalvad, the additional solicitor general of India, it is p
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Chidambaranar port appeals against stay order
VO Chidambaranar port, which is a major port in Tamil Nadu, appealed against the stay order of Tuticorin district court on the revision of royalty with the Madurai bench of the Madras high court. PSA International, which operates PSA-Sical Terminal at the port, secured a stay order from the district court in Tuticorin on the revision of the royalty it pays
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Ennore, JNPT to raise Rs 10 bn tax-free bonds
Ennore Port and Jawaharlal Nehru Port Trust (JNPT) will raise Rs 1,000 crore each through the issue of tax-free bonds by March 2012.