World Bank to lend $375 mn for India's first National Waterways
The Dollar Business Bureau Inida's first waterways project received a financial backing of $375 million from international lender World Bank. The project is meant to create inland waterway for transportation between Haldia and Varanasi, on the 1,360-km stretch of the Ganges river. The loan sanctioned by World Bank covers 45% cost of the project, being undertaken under the Jal Marg Vikas scheme by the Shipping Ministry. The proposed project will facilitate navigation of commercial vessels with a capacity of 1,500-2,000 deadweight tonnage (DWT). Serving the industries on the banks of river Ganga, the new waterway will pass through four states namely Bihar, West Bengal, Jharkhand, and Uttar Pradesh. The industrial cities of Ghazipur, Bhagalpur, Kolkata, Howrah, Patna, Haldia, Allahabad and Varanasi will immensely benefit from this initiative. The development of National Waterway 1 (NW1) will also provide a good ...
IWAI receives cargo commitments of 5.92 MT at Haldia
The Dollar Business Bureau The Inland Waterways Authority of India (IWAI) has got a commitment for transportation of 5.92 million tonnes of cargo volume a year via multi-modal terminal at Haldia Port (West Bengal) by 2018. “The IWAI has received a commitment for transport of 5.92 million tonnes (MTs) of cargo volume per annum through the multimodal terminal at Haldia by the year 2018,” said the release on Friday. This follows a number of consultations by the IWAI at Haldia with several firms, industries, shipping lines, shippers, cargo operators and manufacturers. The major items are fly-ash, vegetable oil, edible ...
Proposed Multi-Modal Terminal at Haldia Holds Huge Cargo Potential
The Dollar Business Bureau Even before the construction of Multi-Modal terminal at Haldia in West Bengal kicks off, it has received a commitment of 5.92 million tons (MT) per annum of cargo volume by the year 2018 from the Industry, indicating huge cargo potential of the proposed terminal. Fly ash is expected to be the major cargo with a commitment of 3.8 MT followed by vegetable oil (0.63 MT), cement (0.36 MT), among others. In a series of consultations with Inland Waterways Authority of India (IWAI) held at Haldia last month, various industries, firms, shipping lines, cargo operators, shippers, and manufacturers committed transportation of cargo like Fly ash, Edible oil, Vegetable oil, Gypsum etc. by 2018, the year Haldia terminal is ready for ...
Haldia Dock Complex earmarks land for LNG storage facilities
The Dollar Business Bureau The Haldia Dock Complex under Kolkata Port Trust has been allotted about 10 acres of land in the proximity of Haldia Oil Jetty No. 1 for 30 years to set up LNG storage facilities, where it plans to install unloading arms and lay pipelines through tender cum auction. “The project will be undertaken on land lease model by granting lease of land by middle of December, 2016. LNG facilities are expected to be developed within 24 months from date of allotment of land,” Ministry of Shipping said in a statement. “This is an important development in context of the recent efforts of the Ministry of Shipping to reduce logistics cost and achieve the COP21 targets on cutting down pollution ...
Rate ceiling leaves no option for stevedores: Ishwar Achanta
By Sisir Pradhan Sisir: Sir, do you think the new Stevedoring and Shore Handling Policy would be able to bring in transparency in pricing and performance of various stevedoring and onshore cargo handling operations? Will it be helpful to curb cartelisation at major ports? Ishwar Achanta: The issue of a Stevedoring Policy has been around for some time now. Let me explain in a detailed manner. It is incorrect to say that cartelisation is present in all ports. One needs to check the performance of various ports. There are numerous stevedores operating at each port. As stevedores we welcome the move by the Government of India to regulate this industry. As far as the recent policy regarding Tariff Authority for Major Ports (TAMP), released ...
New things are happening in Bengal: Mamata Banerjee
The Dollar Business Bureau The summit was fruitful and overwhelming, said the West Bengal CM Ahead of the Vibrant Gujarat Summit next week, the West Bengal government’s efforts to attract investments into the state through from the two-day Bengal Global Business Summit 2015 that concluded yesterday saw investments worth around 2.43 lakh crore. A pleased Chief Minister Mamata Banerjee said that new things are happening in Bengal and it will set a new trend in the country. Mamata Banerjee highlighted that it is notable that most of the investment to West Bengal was in social sectors. Calling he summit a grand success, she said, “Investments were not only sought and received for brick-and-mortar industries but for the crucial human ...
Indias Shipping Ministry to resolve Kanika Sands Trans-shipment Zone dispute
The Dollar Business Bureau | TheDollarBiz India’s Ministry of Shipping is taking steps to resolve the long standing dispute between Odisha and the Kolkata Port Trust (KoPT) which will help KoPT and Haldia Port to handle more goods and also benefit the Paradip Port and Odisha government, the ministry says. Traffic handled by KoPT, at around 11.8 milion tonnes, is the lowest among all ports in India. While strategically located, KoPT faces several problems because it is a riverine port and cannot handle large vessels. Allowing KoPT to use Kanika Sands, which is off the Odisha coast, as a trans-shipment zone will help KoPt to handle more cargo and also benefit Haldia port which will in turn ...
