According to source-based information, the board of trustees of the Chennai Port decided to restructure the Rs 3,686 crore container terminal project as it failed to attract bidders for the project in the current form. The port planned to invest Rs 561 crore on the project and attract the remaining Rs 3,125 crore investment from private sector. The port trust shortlisted seven bidders for the proposed terminal with a capacity to load 4 million stan
Tag: Terminal
Post
Post
Slew of projects delayed in Kolkata port
Industry observers raise concern about delay in the slew of port projects proposed in the Kolkata port. For the last 10 years, authorities have been proposing to set up cargo handling facilities at Sagar Island closer to sea. Initially, they proposed to set up a deep-sea port on the line of a similar port near Shanghai. The advocates of such a project took some time to reali
Post
Ministry may direct major ports on work site preference
Media reports indicate that the union shipping ministry may ask all major ports to wind up their marketing offices and allow all its senior officers to work from the port premises. Recently, the shipping ministry directed Jawaharlal Nehru Port Trust (JNPT) to close its 7,000-sq feet office on the top floor (31st) of the World Trade Centre (WTC) at Cuffe Parade in South
Post
Minister proud of performance in 2012-13
Union Minister for Shipping GK Vasan said the achievement of his ministry was outstanding during 2012-13, in terms of awarding capacity augmentation projects at major ports. The ministry awarded 32 projects in 2012-13 which will add a capacity of 137 mn mtpa (million metric tonne per annum) at an estimated investment of Rs 6,765 crore. This is the best performance for any year in the
Post
L&T Ramboll submits DPR for Rs 20 bn terminal project
L&T Ramboll has submitted the draft Detailed Project Report (DPR) for the proposed Rs 2,000 crore marine terminal for liquid cargoes at the Jawaharlal Nehru port near Mumbai. The port has twin berth liquid cargo terminal of BPCL and IOC with a capacity of 5.5 million tonne per annum. It will enhance this quantity to 30 million tonne per annum. The proposed terminal would cater to liquid cargo
Post
Ministry to notify new tariff regime soon
Union Shipping Secretary, PK Sinha informed reporters that his ministry would notify the new tariff regime, which allows private container terminals to fix market-linked tariffs, within a month. According to the existing tariff norms, port developers cannot charge more than the ceiling tariff defined by the Tariff Authority of Major Ports (TAMP
Post
Ministry aims to award 30 port projects
During 2013-14, union shipping ministry plans to award 30 port projects worth around Rs 25,000 crore investment. Union Shipping Minister GK Vasan informed media persons that these projects would bring in an additional capacity of 288 million tonne per annum at an estimated investment of Rs 24,633 crore
Post
DP World to sign concession agreement with JNPT
Following the resolution of environment issues, DP World would sign concession agreement with the Jawaharlal Nehru Port (JNPT) for setting up a 800,000 TEU container terminal. The Rs 1,000 crore project was awarded to DP World in October last year after the firm agreed to share 28.09 per cent of the revenue with JNPT
Post
JNPT, ministry discuss Rs 8 bn project
Union Shipping Ministry and the Jawaharlal Nehru Port Trust (JNPT) are discussing the hurdles in implementing the Rs 800 crore container terminal project at the port. Last year, Dubai Ports World (DP World) was awarded the contract for setting up the terminal which will have a capacity to load 800,000 containers a year. DP World agreed to share 28.09 percent of its annual reve
Post
Ennore port may allow bidder to decide on project
Media reports indicate that Ennore Port may give liberty to the the winning bidder for the proposed container terminal project to decide on whether to build the entire terminal in one go or in phases. Based on market condition, the winning bidder may decide how to implement the Rs 1,270 crore project and the port authority may not intervene in this, reports suggest