Kerala Port department plans big projects to boost coastal infra
PORTS & SHIPPING

Kerala Port department plans big projects to boost coastal infra

The Kerala ports department is preparing to execute a slew of projects to improve the coastal infrastructure so that the state may benefit from the Vizhinjam Deepwater Sea Port, scheduled to open in May 2023.

The Prism Online Investors' Meet was conducted towards achieving this goal.

The port department revealed a slew of projects that the state hopes to build via public-private partnerships (PPPs) or revenue-sharing models.

Around 120 investors from nations like the UAE, Qatar, and Malaysia, including the NRI investors, attended the meeting.

NS Pillai, chairman of Kerala Maritime Board, told the media that shipbuilding and ship repair yards, dry docks, offshore wind energy projects, water sports and tourist projects are among the projects.

He said that at Neendakara in Kollam, the Kerala Maritime Development Corporation has infrastructure that might be used to build a maritime institute.

Pillai said that Kerala Maritime Academy can also provide skill-based training, and to exploit the blue economy's potential, they want to study coastal and marine resources.

PT Joy said that at Kollam port, there is a mechanical engineering facility that they aim to turn into a ship repair yard. A repairing yard that caters to tiny ships has a lot of potential.

Joy said that another plan is to develop a shipyard in Thiruvananthapuram's Poovar district.

The yard has enormous potential since the development of the Vizhinjam port would provide new options. Ponnani has the potential for a floating dock from which cruise ships may depart.

Image Source

Also read: Kerala govt extends deadline for Life Mission's final list

The Kerala ports department is preparing to execute a slew of projects to improve the coastal infrastructure so that the state may benefit from the Vizhinjam Deepwater Sea Port, scheduled to open in May 2023. The Prism Online Investors' Meet was conducted towards achieving this goal. The port department revealed a slew of projects that the state hopes to build via public-private partnerships (PPPs) or revenue-sharing models. Around 120 investors from nations like the UAE, Qatar, and Malaysia, including the NRI investors, attended the meeting. NS Pillai, chairman of Kerala Maritime Board, told the media that shipbuilding and ship repair yards, dry docks, offshore wind energy projects, water sports and tourist projects are among the projects. He said that at Neendakara in Kollam, the Kerala Maritime Development Corporation has infrastructure that might be used to build a maritime institute. Pillai said that Kerala Maritime Academy can also provide skill-based training, and to exploit the blue economy's potential, they want to study coastal and marine resources. PT Joy said that at Kollam port, there is a mechanical engineering facility that they aim to turn into a ship repair yard. A repairing yard that caters to tiny ships has a lot of potential. Joy said that another plan is to develop a shipyard in Thiruvananthapuram's Poovar district. The yard has enormous potential since the development of the Vizhinjam port would provide new options. Ponnani has the potential for a floating dock from which cruise ships may depart. Image Source Also read: Kerala govt extends deadline for Life Mission's final list

Next Story
Infrastructure Urban

India’s Rs 370 Bn Petrochemical Expansion to Shift Asian Supply

India’s planned investments worth over USD 37 billion (around Rs 3 lakh crore) in the petrochemical sector are poised to reshape Asia’s supply landscape, according to a new report by S&P Global Ratings.The report noted that India’s drive toward petrochemical self-sufficiency mirrors China’s earlier expansion and could intensify competition in the region. “India’s capacity additions will significantly alter trade flows and increase competition among Asian producers,” said Ker Liang Chan, credit analyst at S&P Global Ratings.S&P estimated that public sector enterprises ..

Next Story
Real Estate

Maharashtra Sets Up Authority to Boost Self-Redevelopment

The Maharashtra government has established a Self-Redevelopment Authority to support citizens in independently redeveloping old buildings, marking a major policy step for Mumbai and the surrounding metropolitan region.BJP legislator and Mumbai District Central Cooperative Bank president Pravin Darekar will head the new Authority, which will offer end-to-end guidance on project planning, funding, developer selection, and execution. The initiative follows the approval of the state’s New Housing Policy earlier this year, which allocated Rs 2,000 crore to promote self-redevelopment.Officials sai..

Next Story
Real Estate

MHADA Revises Premium and Payment Rules for Redevelopment

The Maharashtra Housing and Area Development Authority (MHADA) has revised its 2007 redevelopment policy to make the redevelopment of ageing housing societies in Mumbai financially sustainable.The key change involves recalibrating premium charges for commercial floor space in projects under Regulation 33(5) of DCPR 2034. The new formula links premium rates to land value, market rate, and proposed usage, replacing the earlier rule that charged 1.5 times the residential rate for commercial areas.Developers’ body CREDAI-MCHI had sought parity between residential and commercial rates to encourag..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?