Industry players suggested the government to pay renewed attention to the issues facing port sector in India. Some of the issues facing the sector are lack of clarity on land acquisition policy in an around port area, implementation delays in public private partnership (PPP) projects and faulty tariff structure governing major port
Tag: public-private partnership
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EPL allots land for terminal project
Ennore Port (EPL) allotted 13.5 hectare land for setting up a 2 million tonne per annum multi-purpose cargo terminal. The length of the new cargo berth will be 270 metre with 15 metre draught. The port plans to set up this terminal through public private partnership (PPP) model and the terminal will have two mobile cranes and a six-fork lift truck to handle clean cargo such as timber, granite, machinery, project cargo, steel, cement
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PPP policy must aim to allot risks optimally
Experts feel that the objective of the public private partnership (PPP) policy of the government should be to share the project risks optimally, rather than transfer them wholesale to the private sector. Experts and policy makers are debating the fate of PPP projects in the country in the wake of some private contractors exiting key infrastructure contracts like metro rail, highway etc
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Experts favour renegotiation of PPP contracts
Some experts of the public-private partnership (PPP) model feel that the government must make provision for tweaking the contractual agreements in the course of a contract for mega infrastructure projects with a fairly long concession period. They argue that the initial projections or assumptions made by the concessionaire in case of a road or metro rail project may go wrong in the course of the concession period
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Inkel to rope in private firms for tower project
A Kerala government-led body Inekl is in the process of roping in investors, developers, companies and individuals for setting up a tower on 2.45 acre of land at Angamaly. The proposed tower is very close to Cochin International Airport and 35-km from the seaport at Vallarpdam. A dedicated 750-metre approach road is being laid to the site from NH 47. Angamaly Railway station is only 700-metre from
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Vizag port may invite fresh bids for Rs 6 bn project
Visakhapatnam Port Trust (VPT) would reportedly invite fresh price bids for the Rs 633-crore contract to extend the existing container terminal from 450 metre to 850 metre. The port had earlier invited the bids to extend the container terminal and add capacity of 0.54 million TEUs in addition to the existing 0.40 million TEUs. Currently, Visakhapatnam Container Terminal (VCTPL) is handling 247,133 TEUs per annum against the capacity of 4 lakh TEUs
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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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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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Railways invite RfQ for Rs 320 bn projects
Media reports indicate that the Indian Railways invited requests for qualification (RfQ) from domestic and foreign firms for setting up two locomotive factories at an investment of Rs 32,000 crore. The Railways expects to award these two projects, which include setting up diesel locomotive factory and a electric locomotive factory, by December. The Railways planned to set up an electric locomotive factory at Madhepura and a diesel locomotive factory at Marh