Port Projects

Govt invites EOIs for Rs 41,000 cr port project in Great Nicobar Island

The Ministry of Ports, Shipping and Waterways has invited expressions of interest (EOI) from interested players for a Rs 41,000 crore international transhipment port project at Great Nicobar Island in the Bay of Bengal. The ministry in a release on Friday said that the project is expected to be complete with an investment of Rs 41,000 crore (USD 5 billion), including investment from both government and PPP concessionaire. The proposed port in the Andaman and Nicobar Islands will have ultimate capacity to handle 16 million containers per year and in the first phase will handle above 4 million containers. Other projects planned around the transhipment port include airport, township and power plant, it added. The project is located on the international trade route, with existing transhipment terminals like Singapore, Klang and Colombo in proximity. According to the statement, the project focuses on three key drivers which can result in making it a leading container transhipment port,

Govt has pipeline of 44 port projects worth Rs 22,900 cr till 2025: Sonowal

Public-private partnership in port infrastructure has been an important source of investment in the sector and the Ministry of Ports, Shipping and Waterways (MoPSW) has a pipeline of 44 projects for total investment of Rs 22,900 crore till 2024-25, Union Minister Sarbananda Sonowal said on Tuesday. Moreover, the government is working on the guidelines for dealing with stressed public-private partnership (PPP) projects at major ports and has also come up with policies to support the shipbuilding industry in India, Sonowal said. "The Ministry of Port, Shipping and Waterways is working on two fronts to encourage private sector participation... On the project front the ministry has a pipeline of 44 projects for a total investment of Rs 22,900 crore till 2024-25," he told PTI. On the policy front, the ministry is working on the Guidelines for dealing with stressed PPP projects at major ports, Sonowal said. The Ports, Shipping and Waterways minister further said that under the National .

Adani Group enters Sri Lanka's port industry as the first Indian operator

The group will have the majority stake in the West Container International Terminal Joint Venture (JV) which is valued at $700 million.

Adani Ports receives NCLT approval to acquire 58.1% in Gangavaram Port

Deal to be a share swap, with issuance of 47.7 million APSEZ shares to the erstwhile GPL promoters; post-transaction, GPL will become a fully-owned subsidiary of APSEZ

Faster security clearance of bidders on cards for PPP port projects

Under this, prominent players and regular bidders in government tenders would not need to go through repeated clearances under normal circumstances.

PSA-Sical gets apex court relief in Royalty dispute with VOC Port

Supreme Court orders shipping ministry and Chidambaranar Port Trust to maintain status quo, restrains port authorities from taking any action against the firm

Govt revises payment, insolvency rules for stuck PPP port projects

New guidelines allow ports to take over abandoned projects

Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr

Early this month, the company announced the acquisition of Warburg Pincus's 31.5 per cent stake in GPL for Rs 1,954 crore

Top headlines: India Inc earnings estimate upgrade, India woos Tesla

Reliance Jio has bagged more than 50 per cent of the total quantum of airwaves sold by paying Rs 57,122.65 crore. Of the 855.6 megahertz of spectrum sold, Jio has got 488 megahertz

Public hearing on Adani's revised master plan for Kattupalli port deferred

The company applied for environmental nod for a Rs 4,000 cr port and harbour project that is part of a Rs 53,400 cr master plan

New concession pact to ease port projects

For existing port projects, the govt has formed a panel under Finance Minister Arun Jaitley to iron out implementation issues

Government awards 49 port projects worth Rs 8,300 crore in FY17

India has 12 major ports which handle approximately 61% of country's total cargo traffic

Govt plans 4 new major port projects worth Rs 32k cr

These projects are proposed to be taken up through combination of public and private investment