Today : Thursday - Sep 18, 2014, 03:07am (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

Six PPP port projects to be sanctioned this year: Vasan

Monday - Feb 20, 2012, 06:34pm (GMT+5.5)
[+] Text [-]

Chennai - The government will award about six public-private-partnership (PPP) projects in the port sector this fiscal, including a project of Jawaharlal Nehru Port Trust (JNPT), Shipping Minister G.K. Vasan said Monday.

He also said that the Chennai Port Trust will redraw its business plans to compensate for the loss of revenue in handling dirty cargo.

Speaking to reporters here after an interactive session with exporters organised by Confederation of Indian Industry (CII), Vasan said: "We understand there are some delays in the award of PPP projects in the port sector. Around Rs.16,000 crore worth of projects, numbering 22, are under consideration. By March, five-six projects will be given permission, including the one at JNPT worth around Rs.6,700 crore."

Private investors in the port sector are complaining about the delay in getting clearances for their projects for various reasons.

Vasan said the Chennai Port Trust will focus on handling cleaner and containerised cargo as well as building parking lots to compensate for the loss of around Rs.226 crore revenue owing to the Madras High Court’s order banning handling of coal and iron orders by it.

He said a committee headed by Captain Mohan has submitted its report detailing the new areas for the Chennai Port Trust to focus on.

However, Vasan said he did not agree that the Chennai Port Trust and the shipping ministry did not foresee such a ban even after the construction of Ennore Port specifically to handle the dusty and dirty cargo.

According to Chennai Port Trust chairman Atulya Misra, the key recommendations of the Mohan Committee are for the port to focus on handling clean cargoes like containers, fertilisers, cruise shipping, food, wood and others.

Misra said the quantity of fertiliser handled by the port is on the rise.

”We are also looking at out-of-the-box ideas like car parks on PPP model for the use of general public owing to the increased availability of the space,” Misra said.

He said the bid for the mega container terminal will be issued again this year.

On the issue of coastal shipping, Vasan said the government is in the process of discussing a new policy.

He said the new land policy (leasing and other usage of land) for ports has gone for inter-ministerial consultations and then it will be sent to the union cabinet.

Asked about the killing of two Indian fishermen by security personnel of an Italian ship off the Kollam coast near Kerala, Vasan said: “Indian water front is peaceful and is not a pirate area. The killing of fishermen is unpardonable and they have to be punished. It will be an example for others.”


Rating (Votes: )   

blog comments powered by Disqus

Related Articles:
» Kudankulam N-plant to reconnect to the grid Oct 26
» Rupee unchanged at 61.46
» Kerala Tourism takes Twitter route for campaign
» Onion prices to come down in next 10 days: Thomas
» Ratan Tata meets Sharma post FIPB nod for airline venture
» Mamata government selling onions at Rs.36 per kg
» Gold prices gaining by Rs 480 to Rs 32,410 per ten gram
» Mukesh Ambani remains richest Indian with assets of $18.9 billion
» Top 100 rich Indians' net worth rises to $250 billion
» Bharti Airtel board approves subsidiary merger
» Emirates expects to fly 70 mn passengers in 2020
» Japan's Olympus scales down India business projection
» Tewari pulls up Ludhiana officials over MGNREGA funds
» India-France trade can aid inclusive growth: Jaipal Reddy
» China to set up power equipment service centres in India
» Reduced arrival of onions behind price hike: Dikshit
» Shanta Kumar slams delay in export ban on onions
» Sri Lanka records strong tourist, remittance earnings
» Cochin airport investors set to reap profits
» Etihad Airways to double Colombo flights
» Jet Airways standalone losses jump eight-fold to Rs. 891 crore
» RBI receives $10.1 billion under forex swap window
» SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion
» Mobile economy to add $400 billion to India GDP: GSMA
» Volvo launches next generation S60 and XC60

Other Articles:
Cognac that accompanied Napoleon to be auctioned (20th Feb, 2012)
Bangladesh's exports to India to double by June (20th Feb, 2012)
Upgraded tablet PC Aakash not to cost more: Sibal (20th Feb, 2012)
Kingfisher Airlines CEO summoned to explain cancellations (20th Feb, 2012)
Trade potential making India, Pakistan lift barriers (20th Feb, 2012)
Murdoch to unveil 'The Sun on Sunday' on Feb 26 (20th Feb, 2012)
No government bailout for Kingfisher: Ajit Singh (20th Feb, 2012)
Licence plates costlier than cars in China (20th Feb, 2012)
Here's the catch on Kerala's fishing industry (20th Feb, 2012)
Poverty not declining in Bihar, despite high growth (20th Feb, 2012)
Half million Bangladeshis employed overseas in 2011 (20th Feb, 2012)
Kingfisher flights hit for third day (20th Feb, 2012)
Much to be done to overcome economic crisis: Spanish PM (20th Feb, 2012)
Jharkhand hosts its first international trade fair (20th Feb, 2012)
Japan to cut civil servant's pay by 7.8 percent (20th Feb, 2012)
Iran stops oil exports to Britain, France (20th Feb, 2012)
Myanmar eyes more tourists (20th Feb, 2012)
China cuts bank reserve requirement (20th Feb, 2012)
Toshiba to expand elevator business in India (20th Feb, 2012)
Fresh 2G auction: Consumer may be spared large hike (19th Feb, 2012)
Pakistan-India border saw $154,000 trade on single day (19th Feb, 2012)
Chef's table week, unique concept taking root in India (19th Feb, 2012)
Private jet market soars in India (19th Feb, 2012)
News Corp shareholder says 'Murdoch can't ignore calls for sweeping change in media firm' (19th Feb, 2012)
Chinese banks post record profits (19th Feb, 2012)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use