Transport Update Aug 01, 2016 NHAI to build roads connecting export hubs with ports The NHAI is identifying highway projects connecting export hubs with port cities. The government has already identified industrial corridor Delhi-Mumbai, Amritsar-Kolkata, Chennai-Visakhapatnam and Chennai-Bengaluru to connect the hinterland with the ports.
Transport Update Aug 01, 2016 Chennai Port takes up projects worth Rs.200 cr The Chennai Port Trust has taken up six projects at a cost of over Rs.200 crore to strengthen its capacities and to brace up for competition from neighbouring ports.
Transport Update Aug 01, 2016 Global port majors in talks to buy Ocean Sparkle Denmark´s Svitzer, Japan´s K Line and Australia´s Qube Logistics are among the strategic investors in talks with Hyderabad-based Ocean Sparkle to acquire a controlling stake in the company, in a deal valuing the Indian shipping firm about $450-500 million.
Transport Update Aug 01, 2016 Chabahar port may become operational in 1.5-2 years |Govt Commercial operations at the Chabahar port are expected to start in the 18-24 months, which will provide India increased connectivity to Russia and North Baltic countries, among others, Minister of State for Shipping P Radhakrishnan informed the Parliament.
Transport Update Aug 01, 2016 Essar Ports invests in expanding Hazira Essar Port is investing Rs.750 crore to enhance the capacity of its Hazira terminal to 50 million ton per annum from 30 million tons.
Transport Update Aug 01, 2016 Adani Ports to complete terminal Adani Ports and Special Economic Zone (APSEZ) Ltd aims to complete expansion of Adani International Container Terminal Pvt. Ltd (AICTPL) at Mundra port by 2017 to create a transhipment hub for the Middle East, South Asia and India.
Transport Update Aug 01, 2016 Gadkari urges US to invest in ports sector Union Shipping Minister Nitin Gadkari has urged the United States (US) to invest in development of new ports and construction of new berths/terminals in the existing ones.
Transport Update Aug 01, 2016 Indian investment in highways and ports The government has allocated a total Gross Budgetary Support (GBS) of Rs.46,834 crore including cess and toll remittance for 2016-17 for the Ministry of Road Transport & Highways.
Transport Update Aug 01, 2016 IL&FS Engineering bags Rs.532-cr project from NMRC IL&FS Engineering and Construction Company has bagged a Rs.532.67-crore contract from Nagpur Metro Rail Corporation (NMRC) to construct elevated Metro stations. The project involves construction of seven elevated Metro stations and three ´at-grade´ stations - Congress Nagar to Khapri and related works.