As reported, a high profile committee chaired by Finance Minister Arun Jaitley will be looking into the stalled shipping projects worth around Rs 20,000 crore. Over a dozen shipping projects, including the Kandla and Visakhapatnam ports, have been stalled for a considerable time due to numerous reasons, including the projects being abandoned by contractors.
The Union Cabinet has approved certain amendments to the existing Model Concession Agreement (MCA) for PPP projects at the Major Ports, which will address some of the thorny issues faced by the existing PPP port projects and attract more private investments to achieve capacity targets set under the Sagarmala programme.
Keeping in mind the government’s thrust towards digitisation, NHAI has recently launched a smartphone application that will enable travellers to rate national highways in the country. Deepak Kumar, Chairman, NHAI, also launched a multilingual website along with a Project Monitoring Information System (PMIS).
Traction in Inland Waterway projects will open up several business opportunities for the port sector players As per an ICRA Report on the Indian Ports Sector, Traction in Inland Waterway projects will open up several business opportunities for the port sector players; Iron ore and POL support overall volumes as coal volume growth continues to plummet.
In times of global economic slowdown, here's an organisation that tries to uplift the industry through its innovative initiatives - the Philippines-based International Federation of Asian and Western Pacific Contractors' Associations (IFAWPCA). Manolito P Madrasto, Past Secretary-General, IFAWPCA, and COO, IFAWPCA Permanent Secretariat (HQ), elaborates upon these initiatives in conversation with SHRIYAL SETHUMADHAVAN.
A very positive and a growth oriented budget with a strong focus on infrastructure development. Investments of Rs 70,000 cr along with the risk sharing mechanism for PPP projects; setting up of a national investment and infrastructure fund; deepening of the Bond markets etc. will help revive infrastructure investment.