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Experts want ministry to make PPP contract attractive

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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CCI asks agencies to stick to timeline

CCI asks agencies to stick to timeline

At a recent meeting, the Cabinet Committee on Investments (CCI) urged security agencies to stick to the 12-week timeline, prescribed by the Cabinet Committee on Security. It may be recalled that earlier, the Cabinet Committee on Security decided to adhere to a 12-week timeline for
providing inputs on port development projects that are delayed owing to pending clearances. Following this, the shipp

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Security nod to firms augurs well for port sector

Security nod to firms augurs well for port sector

The recent security clearances given by the union government to three infrastructure companies in the port sector may enable more private sector participation in port projects, reports suggest. The union government gave security approval for Adani Ports, Punj Lloyd, and Gammon Infrastructure to participate in port projects. Once given, these clear

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Mega port projects up for bidding in 2013-14

Mega port projects up for bidding in 2013-14

During the year 2013-14, mega port projects like the setting up of the fourth container terminal at JN Port, mega container terminal in Chennai and expansion of container terminal in Visakhapatnam may come up for bidding. Union government is said to be taking steps to expedite award of key infrastructure projects, including port projects

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Home ministry gave opinion on security nod for APSEZ

Home ministry gave opinion on security nod for APSEZ

The union home ministry is learnt to have given its opinion on granting security clearance to Adani Ports and Special Economic Zone (APZEZ) for participating in the proposed terminal project in Chennai port. In a representation submitted to the Chennai port late December, the APSEZ sought a review of the governmentÂ’s earlier decision to deny it security clearance

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Chennai port wants govt to restore security nod for APSEZ

Chennai port wants govt to restore security nod for APSEZ

Chennai Port wants the government to revoke the cancellation of security clearance for Adani Ports and Special Economic Zone (APSEZ) to participate in the port's proposed Rs 3,686 crore container terminal project. Chennai Port plans to build a container terminal than can load 4 million standard containers a year when fully oper

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Govt announces new norms on security nod

Govt announces new norms on security nod

Union shipping ministry has simplified security clearance rules for companies who wish to take up port projects. According to the new rules, security clearances issued by the ministry to a company would be valid for three years. The move is intended to fast-track port projects

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Chennai Port directs Adani Ports to central govt

Chennai Port directs Adani Ports to central govt

According to industry sources, Chennai port directed Adani Ports and Special Economic Zone (APSEZ) to seek security clearance from the central government to bid for the proposed container terminal project. Chennai port, which is in the process of awarding the proposed Rs 3,686 crore container terminal project, received a representation from Adani Ports seeking eligib