Ajeya Kallam, Chairman of Visakhapatnam Port informed that the port authority would soon operationalise the fully mechanized coal-handling facility at its general cargo berth. The mechanized coal-handling facility is intended to provide a lasting solution to pollution. He informed this after hoisting the National Flag on the
Tag: public-private partnership
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Delhi Airport successfully handles record 73 ATMs/hour
Delhi Airport has started the year 2013 with a new milestone in its history registering 73 Air Traffic Movements (ATMs) in an hour on 24th January'13. It is the record number of air traffic movements ever made at any airport in India thanks to the efforts by the ATC team.
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Econ adviser stresses on more pvt investment in infrastructure
HAC Prasad, Senior Economic Adviser to the Union Ministry of Finance stressed on the need to raise the share of private and PPP sector in the total investment in infrastructure to 50 per cent in the 12th five-year Plan. The share of private and PPP sector in the total infrastructure investment was a little over 30 per cent in the 11th Plan
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ChPT renegotiates revenue share
Chennai Port Trust (ChPT) is reportedly renegotiating the revenue share with Adani Group for the proposed Rs 3,500-crore mega container terminal project. It is learnt that the port trust is not satisfied with the revenue share offered by the group for the contract and hence is seeking
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Reliance Metro’s Airport Express Line Recommences Operations
Reliance Infrastructure Limited (RInfra), part of the Reliance Group, through its Special Purpose Vehicle (SPV) Delhi Airport Metro Express Private Limited (DAMEPL), today announced that the Airport Metro line would resume commercial operations at its regular timing of 5:30 AM from January 22, 2013.
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State govt mulls risk-proofing of PPP projects in ports
In order to ensure coastal security, the home ministry of Maharashtra government is reportedly planning to adopt risk-proofing in public private partnership (PPP) contracts for the development of these minor ports. According to the government plan, certain risk-proof clauses could be included in the PPP agreement on the lines of similar clauses in defence contracts to “ensure acco
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CCEA clears proposal to cap annuity allocation for PPP projects
The Cabinet Committee on Economic Affairs has approved the recommendations made by the Inter-Ministerial Task Force under the chairmanship of Member (BK Chaturvedi), Planning Commission on budgetary ceilings for annuity commitments under Public Private Partnership (PPP) projects across sectors. The recommendation of the committee would ensure that future budgetary options do not get restricted due to a
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Odisha govt received less guarantee from port developers
According to a report by the Comptroller & Auditor General (CAG), the Odisha government received less performance guarantee from minor port developers than that prescribed by the model concession agreement. For example, the developer of Astaranga port agreed to pay only 1 per cent performance guarantee as agai
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State govt asked to cancel port projects
The opposition party in Odisha wants the state government to cancel all the agreements signed between the state and different private sector companies for the implementation of the port projects. The demand comes following the tabling of a report by the Comptroller and Auditor General (CAG) in the s
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because