Balmer Lawrie to commission its Vizag logistics hub early next year

The state-run diversified firm Balmer Lawrie is likely to commission its multi-modal logistic hub at Vizag in the January-March quarter of the current fiscal, a senior official of the company recently indicated.   “We are setting up multi modal logistics hub (MMLH) project at Vizag in partnership with Visakhapatnam Port Trust (VPT). In this MMLH, facilities will be created for handling Exim (export and import) and domestic cargo. The commissioning of the same is expected in the last quarter of financial year 2017-18,” company’s Chairman and Managing Director Prabal Basu…

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JICA loan to upgrade Alang-Sosiya shipyards

The Government of India signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA) last week for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be $ 111 million, out of which $76 million will be provided as soft loan from JICA. Out of the remaining amount, $25 million as taxes and fees will be borne by Government of Gujarat and the balance $10 million will be shared by Ministry of Shipping & Government of…

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FASTag lane operationalized at every toll plaza

NHAI achieved the first milestone in Electronic Toll Collection when it operationalised one dedicated FASTag lane at all toll plazas last week. Now FASTag enabled vehicles can cruise through the dedicated FASTag lane without stopping at toll plazas on National Highways. The FASTag is an RFID tag available both online and offline through banks and Common Service Centres. Two mobile applications were launched by NHAI on 17th August, 2017,for ease of obtaining FASTags, which have received tremendous response. Thousands of road users have downloaded the applications and purchased FASTags in…

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Louis Berger selected as design consultant for interstate road modernization

The National Highways Authority of India (NHAI) has selected Louis Berger to provide consultancy services for the preparation of detailed designs to upgrade roads (approximately 820 kilometers, or 510 miles, in total length) for two major road packages in southern India under the Bharatmala – Pariyojna scheme. Through these and similar projects, the Indian government aims to develop economic and interstate transport corridors, feeder routes and coastal thoroughfares to improve freight movement in the country. “We are honored to support India’s objectives for two of its key road projects to…

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PM lays foundation stone of highway projects worth Rs 15k crore in Rajasthan

Early this week. Prime Minister Narendra Modi laid the foundation stone of several major highway projects at Udaipur in Rajasthan. Speaking on the occasion, the Prime Minister said that infrastructure projects are crucial to the progress of the country. He said India can no longer afford delay in infrastructure projects, especially connectivity projects. On a cumulative basis, Modi inaugurated  12 National Highways projects worth Rs 5610 crores and did Bhoomi Poojan for 11 projects worth Rs 9490 crores. Among the projects inaugurated include a 6-Lane Cable Stayed Bridge across river Chambal at Kota .…

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Nhava Sheva terminal receives prestigious LEED certification

DP World operated the Nhava Sheva (India) Gateway Terminal (NSIGT) has once again created another benchmark in the logistics sector in the country. The futuristic container handling facility Nhava Sheva (India) Gateway Terminal has been awarded the prestigious Leadership in Energy and Environmental Design (LEED) certification. NSIGT is now LEED Platinum and was certified by Green Business Certification Inc. (GBCI) using the Commercial Interiors v2009 rating system. The terminal has a resource efficient building which utilises less water and energy, and reduces greenhouse gas emissions. It accomplished an impressive 89 out…

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Cochin Shipyard to initiate expansion drive after bumper IPO

Cochin Shipyard under the Ministry of Shipping was listed in Bombay Stock Exchange and National Stock Exchange on 11 August 2017. The company has raised Rs 1442 crores from the IPO which has been a combination of fresh issue and offer for sale in the ratio of 2:1. The proceeds of the fresh issue totaling approximately Rs 961 crores will be used by CSL for part funding two expansion projects costing Rs 2800 crores. The projects are – a dry dock at the Cochin Shipyard premises to accommodate bigger ships…

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Procedure simplified for setting up ICD/CFS/AFS

The government has simplified the process for companies to set up an Inland Container Depot/ Container Freight Station (CFS)/Air Freight Station (AFS). The improved procedure is aimed at ensuring a speedier and more transparent approval process. Towards this objective, companies can now make their application online and view its progress/update on-line, without a visit to any government office. The approval process for setting up an ICD/CFS/AFS involves many departments. This is facilitated through an Inter-Ministerial Committee (IMC) which consists of officials from Ministries of Commerce, Finance (Dept. of Revenue), Railways…

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Third line for Adityapur-Kharagpur section unveiled

The Minister of Railways Suresh Prabhu last week unveiled a slew of projects in Jharkhand which also includes a new dedicated line to connect the upcoming industrial cluster Adityapur in the state. Speaking on the occasion Prabhu said that Jharkhand did not witness the progress due to lack of Rail Infrastructure. In order to improve Railway Infrastructure in Jharkhand, the fund allocation in the budget has been raised significantly to execute the Rail projects in the state & speedy commissioning of projects. Meanwhile, the third line (at Tatanagar Station) connecting…

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Upgraded Jammu airport inaugurated

The upgraded passenger terminal building of Jammu Airport was inaugurated by P. Ashok Gajapathi Raju, Union Minister for Civil Aviation and Mehbooba Mufti, Chief Minister of Jammu & Kashmir last week. Jammu Airport belongs to the Indian Air Force, and Airports Authority of India maintains a Civil Enclave for civil aircraft operations. During the year 2016-17, passenger traffic movement at Jammu airport reached 1.16 million and the passenger growth rate has touched 29 per cent in the first quarter of 2017-18. To cope with the increasing passenger growth and demand,…

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