Kamarajar Port-Adani Group Rs.1,270 cr terminal to start in 1 month
The Dollar Business Bureau The Adani Group-Kamarajar Port’s container terminal worth Rs.1,270 crore at the Port is likely to be functional in a month’s time, said a top official on Monday. In March 2014, Kamarajar Port Ltd and Adani Group had inked a ‘concession agreement’ to establish the container terminal at a cost of Rs.1,270 crore in two phases. After completion, the container terminal would have a capacity of handling 1.4 million TEUs (twenty foot equivalent units), with 730 metres quay length. “It is a big achievement for us. It is the first time that Kamarajar Port Ltd is going to handle this kind of project. We expect it to be ready in a month’s time,” M A Bhaskarachar, Chairman and Managing Director of ...
Gadkari lays foundation of multi-modal terminal in Varanasi
The Dollar Business Bureau Giving a renewed thrust to the government’s waterway-development agenda, Shipping Minister Nitin Gadkari on Friday laid the foundation stone for a Rs. 211-crore multi-modal terminal in Varanasi. "Multimodal hub here will take the state to growth trajectory. This hub with rail, road and waterways connectivity will change the face of UP," Shipping Minister Gadkari said at a function here. Gadkari said the government will build the phase 1 of the multi-modal terminal at a cost of Rs.211 crore. The project is expected to be ready by August 2018. The Phase-1 of the project covers the Varanasi - Haldia stretch. With the new terminal, a part of Rs.4,200-crore Jal Marg Vikas project, the government envisages to facilitate commercial navigation of vessels ...
Mundra port to be a transshipment hub
Through expansion of its international wing, Adanis aims to position Mundra as the largest Container Port in the country with 4 state-of-the-art container terminals The Dollar Business Bureau With this expansion, Mundra will emerge as a transshipment hub for the Middle East, South Asia & India, says Karan Adani, Chief Executive Officer, Adani Ports & Special Economic Zone Limited Aimed at creating trans-shipment hub for the Middle East, South Asia and India, Adani Ports & SEZ Ltd. (APSEZL) announced of expanding its existing terminal -Adani International Container Terminal Private Limited (AICTPL), at its flagship Mundra port. The construction of the terminal, which will be capable of handling 18,000 TEU container vessels, has already commenced and is expected to be commissioned with in fifteen ...
