World Bank Group´s audit arm, Compliance Advisor Ombudsman (CAO), has decided to probe whether IFC
Tag: Vizhinjam Port project
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Opportunities on the horizon
India plans to more than double its port capacity to 3,200 million tonne at an investment of Rs 2.87 trillion by 2020, drivin the demand for more port handling equipment. Sudheer Vathiyath trains through the prevailing trends in port equipment market.
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Green nod to Vizhinjam Port
Vizhinjam port project received the mandatory environment and coastal regulation zone (CRZ) clearance from the Union Ministry of Environment and Forests (MoEF). The MoEF, while giving clearance for the Rs 4,010-crore project, has stipulated 29 specific and 14 general conditions to be abided by the port authorities. The state government has already floated global tenders for constructing the port.
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Board clears master plan for Vizhinjam port project
The director board of Vizhinjam International Seaport approved the master plan for the proposed Vizhinjam port project. The project authority has reportedly sent a copy of the master plan to the International Finance Corporation, which is doing the Environment Impact Assessment (EIA) study for the project.