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FINANCIAL VIABILITY OF PORTS
Govt working on plan to rollout water metro transport system in 18 citiesIndia is set to launch a water metro transport system in 18 cities. This initiative aims to transform waterways into efficient public trans...- Centre plans Guwahati Water Metro in Phase I of nationwide rollout: Union minister Sarbananda SonowalIndia is set to launch Water Metro services in 18 cities, with Guwahati leading Phase I. This initiative aims to transform waterways into e...
- India is making a big move to outflank China in Sri LankaIndia and China appear to be locked in an escalating energy rivalry in Sri Lanka. India plans a new energy hub at Trincomalee with the UAE,...
- Great Nicobar port clears paperwork, but will money follow?Despite environmental and social concerns, the Great Nicobar trans-shipment port project has secured Indian government approvals. However, ...
- Kerala inks Rs 817.80 cr loan MoU with Centre for Adani group-operated Vizhinjam PortThe Union government, a bank consortium, and Adani Ports signed an MoU to provide Rs 817.80 crore Viability Gap Funding (VGF) for the Vizhi...
- NCLAT upholds Adani group's Adani Ports & Special Economic Zone's takeover of Dighi PortThe appellate tribunal rejected Kalantri's submissions contending that NCLT has failed to consider objections raised by it over the resolut...
- NCLAT asks CoC to approve resolution plan for Dighi Port in 3 weeksDighi Port, which is being developed by Balaji Infra Projects in the Raigad district of Maharashtra, is going through insolvency resolution...
- Tata Steel seeks UK government funds for Wales plant: ReportThe project is aimed at overhauling a production line at Port Talbot to be able to make lighter steel for car-making, which is expected to ...
- Vizhinjam port deal not in favour of Kerala: CAGIn its PSU report for the year ended March 2016, CAG said technical and financial estimates were not scrutinised with due diligence, leadin...
- Government proposes new concession pact for investments in portsThe proposed MCA includes allowing changes in equity holding of a project so as to provide exit option to developers after six years.
- Low interest, dollar denominated loans for ports, shipping companies to make infrastructure projects viable: Nitin GadkariJNPT has entered into an agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for a loan of $400 Million.
- Stop separation of Haldia dock from Kolkata port: CPI(M) in Rajya SabhaA plea to stop separation of Haldia dock system from the Kolkata Port was made in the RS today, with a CPI(M) member saying the move will f...
- Major ports see Rs 3,456 crore operating profit this fiscalFor next fiscal, Gadkari said the cargo handling target for 13 ports has been set at 644.35 MTPA, with 105 MTPA expected at Kandla Port Tru...
- Adani to go ahead with projects in Australia despite government changeAdani has said it will go ahead with its 15 billion dollar mine, rail and port projects in Australia's coal-rich Queensland state despite g...
- Shipping Ministry to seek VGF for two proposed major portsA Cabinet note on the subject is being prepared, he said. The government has finalised Sagar and Dugarajapatnam as the two sites for settin...
- UPA plans last gasp push to investments in railways before Lok Sabha electionsGovt plans to boost to investments in railways by allowing PSUs like Coal India and NTPC to build railway lines in mining areas and providi...
- L&T on course to divest IDPL this fiscal: RamanLarsen & Toubro plans to divest its stake in L&T Infrastructure Development Projects by the end of the fiscal.
- SREI Infrastructure Finance come out unscathedSREI Infrastructure Finance appears to have come out unscathed in the aftermath of the Satyam fraud as it had no equity exposure in the pro...
- IIFCL to raise $1.2 bn ECBThe government will extend a guarantee for the repayment of debt, but company officials said they may not exercise it.
- FIs with high debt exposure may be lead bankers in core projectsThe government is likely to relax norms for the appointment of lead bankers in major infrastructure projects in the country.
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