India to monetise 105 highway projects: Nitin Gadkari
BY PTI | UPDATED: APR 25, 2017, 05.13 PM IST
SINGAPORE: India will monetise 105 highway projects for about Rs 145,000 crore in the coming years as part of new innovative models of financing, Union Minister Nitin Gadkari said here today.
“The traffic density in India is very high and the internal return on rates is very good,” the Minister of road transport and highways said during a presentation on India Integrated Transport & Logistics Summit 2017 which will be held in New Delhi from May 3-5 (see more)
France’s CMA CGM & Adani Ports create joint-venture to run Mundra Port’s new container terminal for 15 years:
CMA CGM, a leading worldwide shipping group and Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and part of the Adani Group, today signed a joint venture agreement, to operate a new container terminal (CT4) at Mundra Port, for next 15 years with an option to extend it twice for 10 more years.
“We have been present in India for over three decades now and employ 4,000 people. This joint-venture with Adani Ports reinforces our position in one of the world’s fastest growing economies and highlights our firm belief in the potential growth of trade between India and the rest of the world,” said Rodolphe Saadé, CMA CGM’s Chief Executive Office (see more)
Trincomalee port on talks table between Narendra Modi and Lankan PM:
By: Express News Service | New Delhi | Published| April 26, 2017 3:56 am
Sri Lankan Prime Minister Ranil Wickremesinghe and Prime Minister Narendra Modi at their meeting on Wednesday are likely to take stock of negotiations over the development of the Trincomalee port, sources said.
Trincomalee port is crucial for India as an Indian Oil Corporation depot is located there and has a large storage facility. Sri Lanka is likely to allow Trincomalee port as a joint development project with India. New Delhi is also keen to develop the Kankesanthurai port as China is developing a port in Hambantota (see more)
International cargo operations at Visakhapatnam airport hangs fire:
By Express News Service | Published: 24th April 2017 05:12 AM
VISAKHAPATNAM: The international cargo services in the Vizag International Airport which were scheduled to start last year hang fire as things are not going according to the plans. Even after floating tenders thrice in the last one-and-a-half years, the bidders are shying away from the project.
There was not a single private operator who came forward when the tenders were floated for the first two times. In the third time too, there was no response. Since the conditions were eased, including the reduction of licence fee from Rs 6 lakh to Rs 3.5 lakh, there was only one bidder who showed interest in the proposal when the tender was floated for the third time(see more)
Of 14 CEZs approved, three to be in Gujarat:
TNN | Updated: Apr 26, 2017, 06.37 AM IST
Gandhinagar: The 1600-km-long coastal highway approved in principle by the Centre for Gujarat will be an RCC road, said Mansukh Mandaviya, Union minister of state for shipping, road transport and highways.
Addressing journalists in Gandhinagar on Tuesday, Mandaviya said that besides the coastal highway, the Centre has also given in principle approval for three Coastal Economic Zones (CEZs) and several other road and port-related projects for the state (see more)