Cabinet okays plan to upgrade Paradip Port coal export handling capacity
Source: PIB, Government of India The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip Port on Build, Operate and Transfer (BOT) basis, under Public Private Partnership (PPP) mode for handling thermal coal exports. The estimated cost of the project is Rs.1437.76 crore of which Rs.1412.76 crore will be spent by the concessionaire. The remaining Rs.25 crore will be spent by the Paradip Port Trust on dredging. The project envisages mechanization of EQ 1, 2 and 3 Berths to increase their capacity from the existing 7.85 million tonnes to 30 million tonnes. The project is scheduled to be ...
Widening of highways to reduce petrol consumption, fuel trade
Himanshu Vatsa | The Dollar Business Widening of highways can reduce petroleum consumption and prove to be a boon for the growth of manufacturing sector and trade of various goods across India as well as abroad. The Centre, on Wednesday, approved projects worth Rs 5,529.17 crore for the development of three national highways—NH-1 in Delhi and Haryana, NH-2 in Uttar Pradesh and NH-13 in Maharashtra. Transport operators hailed the decision which came during a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister, Narendra Modi. “If the government develops any road, the logistics cost reduces. Widening of national highways will not only ease the movement of vehicles but also reduce fuel consumption,” said P L Khaitan, Chairman ...
