News from February 2009 - Page 1 of 3
Dalrymple Bay Coal Terminal to be sold
27th of February, 2009
Babcock & Brown Infrastructure has confirmed that it is lining up potential buyers for the Dalrymple Bay Coal Terminal, and that it has decided to offer a formal due diligence process to a short list of interested parties.
Choctaw Point moves to second stage
26th of February, 2009
The Alabama State Port Authority (ASPA) reports that it is is moving forward on construction of the intermodal container transfer facility (ICTF), the second element of the Port's US$75 million Choctaw Point project.
Indian government to pump $11bn into port programme
25th of February, 2009
The Indian government has launched a new National Maritime Development Programme (NMDP) that includes Rs. 55,804 crore (approximately US$11.1 billion) of investment in the country's ports sector.
$100m Ennore port development partnership agreed
25th of February, 2009
Sical Logistics and MMTC Limited have announced the creation of a strategic partnership for the development of a greenfield iron ore terminal project at Ennore Port, a project that is estimated to cost approximately US$100 million.
Kolkata Port project runs into difficulties
24th of February, 2009
An approximately US$130 million private sector development project, aimed at increasing capacity at the Haldia Dock Complex at the Port of Kolkata, has run into trouble after the contract award was rejected by the Kolkata Port Trust.
3i invests $161m in Krishnapatnam Port
24th of February, 2009
3i India Infrastructure Fund, an investment fund established by private equity firm 3i Group, has invested around US$161 million for a minority stake in Krishnapatnam Port Company Ltd (KPCL), promoted by the Hyderabad-based Navayuga Group.
Fortescue Metals looks at port and mining expansion financing options
23rd of February, 2009
Australian iron ore mining company Fortescue Metals Group has suspended trading in its shares as it looks to raise over $320 million in financing for expansion plans at its port and mining facilities.
$50m Mormugao port development approved
23rd of February, 2009
The Indian government's Cabinet Committee on Economic Affairs has approved a $50 million development project for the Port of Mormugao in Goa.
Multi-million dollar port development approvals granted in India
23rd of February, 2009
The Indian Cabinet Committee on Economic Affairs has issued further approvals two additional multi-million dollar port development projects in the country, at Cochin Port and Tuticorin Port, to add to the approval granted to a development at the Port of Mormugao.
Indian port trusts to be granted extended financial powers
23rd of February, 2009
Reports in India have suggested that the government plans to extend the financial powers of port trusts in the country to speed up development projects, allowing the trusts to make decisions on projects worth up to Rs 500 crore (approximately US$100 million).
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