Tender to be floated for racquet-shaped jetty at Radio Club

Racquet-shaped jetty at Radio Club

The eagerly anticipated Radio Club Jetty, which is intended to relieve congestion at the Gateway of India, will shortly be the subject of tenders floated by the Maharashtra Maritime Board (MMB).

"We have all the required authorizations and environmental clearances. Amit Saini, Chief Executive Officer (CEO) of the MMB, told The Indian Express that tenders will now be released for the appointment of the contractor, and we anticipate the jetty to be completed in 2025. Although the intended project was conceived 16 years ago, work on the jetty, including the procurement procedure, ..

Mumbai to get additional 50 km of metro network this year: Fadnavis

According to Maharashtra’s Deputy Chief Minister Devendra Fadnavis, the Mumbai Metropolitan Region (MMR) will get up to 50 km of new metro in 2023-2024. During the state assembly 2023-24 budget, Deputy CM made this announcement. He stated that several projects, including Mumbai Metro Line 10 (Gaimukh to Shivaji Chowk, Mira Road, with a total length of 9.2 km and an estimated cost of Rs 44.76 billion), Mumbai Metro Line 11 from Wadala to Chhatrapati Shivaji Maharaj Terminus (CSTM), with a total length of 12.77 km and an estimated cost of Rs 87.39 billion, and Metro line 12 from Kalyan t..

Indian container cargo set to expand by 8% in FY25 amidst Red Sea crisis

CareEdge Ratings forecasts that Indian container cargo volume will experience an 8% growth, reaching 342 million tonnes (mt) in FY25. They also anticipate the risk of a prolonged Red Sea crisis. In a sectoral report, the agency mentions that the connection of the Dedicated Freight Corridor to Jawaharlal Nehru Port Trust (JNPT) in FY26, coupled with capacity expansions by ports, will likely propel the growth in container volumes in the medium term. According to the report, significant adverse movements in charter rates affecting cargo volumes, as well as vessel additions by shipping lines, will..