In order to implement the Hyderabad metro rail project successfully, the Andhra Pradesh government will have to rectify the technical error in terms of the Act governing the project. Earlier the Andhra Pradesh High Court said in its order that the project was being wrongly governed by the Tramways Act and unless it is changed to Metro Act it could not be called 'Metro
Tag: transport.
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Centre asks UT to set up SPV for metro rail project
At a review meeting, the union government asked the union territory of Chandigarh to form a special purpose vehicle (SPV) on the lines of Delhi Metro Rail Corporation (DMRC) for implementing tri-city metro rail project. The proposed project consists of two corridors Ăâ one running on a North-South axis and the other oriented East-West. From North to South the metro syst
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CPT plans dedicated terminal for coastal shipping
Paul Antony, Chairman of the Cochin Port Trust (CPT) informed that the port would allot a dedicated terminal for berthing coastal shipping vessels bringing domestic cargo. The terminal is dedicated to bulk and break bulk cargo and it would come up in the Mattancherry Wharf area where the draft is less than six metre. This follows the demand from firms operating coastal ships for a dedicated berthing area for their vessels in all majo
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Paradip port focuses on mechanising berths
SS Misra, Chairman of Paradip Port Trust (PPT) informed that the port management has given top priority to berth mechanisation and acquisition of two mobile harbour cranes. He said this while explaining the cargo volume handled by the port in April 2013. During the month, the port handled 5.65 million tonne (mn t) of traffic, thus posting 4.24 per cent growth over the same period
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Cabinet to consider chartering demands of SAIL, RINL
According to unconfirmed media reports, the union cabinet may decide on whether to allow Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) to charter hire vessels to import raw materials. Every year, the two firms together import around 14-15 million tonne of raw materials. As SAIL is expanding capacity to 23.46 million tonne per annum and RINL
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Govt almost completes golden quadrilateral project
Minister of State for Road Transport and Highways Sarvey Sathyanarayana informed Lok Sabha that the entire length of Golden Quadrilateral (GQ) has been completed, except 110 metre. The North - South and East - West Corridor has also been completed, except 636 km under implementation and 372 km to be
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OMCs fail to avoid demurrage cost
A Parliamentary Standing committee strongly felt that the huge demurrage cost of about Rs 665 crore incurred by state-run oil marketing companies (OMCs) between 2009 and 2012 was avoidable and not due to uncontrollable factors. Owing to their failure to have requisite infrastructure, the three OMCs Ăâ IOC, HPC and BPCL Ăâ paid Rs 665 crore in this period to domestic ports, the com
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Kerala govt to give more sops for coastal shipping
Kerala Chief Minister Oommen Chandy informed that the state would be willing to make further changes to make the financial incentive scheme more useful for the players in the coastal shipping sector. It may be noted that the state government is the first to introduce financial incentives for water transport, by giving a subsidy of Rs 1 per tonne for cargo mov
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Industry seeks steps to promote coastal shipping
The participants of a one-day summit on the Coastal Shipping and IWT (inland water transport) in Kerala demanded the government to take steps to promote the sector. Specifically, the participants want the government to grant infrastructure status to coastal shipping on the lines of inland water transport
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PM wants ADB to devise novel ways for financing infrastructure
For the long-term infrastructure needs of the region, Prime Minister Manmohan Singh asked the Asian Development Bank (ADB) to introduce innovative instruments. Speaking at the multilateral lending body's annual meeting in New Delhi, Singh said the ADB must find innovative ways to channelise global savings into infra