Sarbananda Sonowal approves development of Oil Jetty at Deendayal Port for Rs.123.40 Crore

NEW DELHI: Union Minister for Ports, Shipping & Waterways and AYUSH Shri Sarbananda Sonowal has approved the project of Development of Oil Jetty No.09 at Deendayal Port, Kandla to Handle all Types of Liquid CargoatKandlaonBOTbasisunderPPPmode.

The estimated Project Cost of developing this Oil Jetty is Rs.123.40 Crore where the project is to be implemented through PPP mode and the Concessionaire shall arrange the financing for the Project. While the construction period is estimated to be of 24 months the Concession Period will be for 30 years. The project will follow a revenue Share Model of RoyaltyPerTon. Cont’d. Pg. 8

DPIIT to get a clear picture of India’s logistics cost in about 4 months : Special Secretary – Logistics

NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) is aiming to get a clear picture of the country’s logistics costs in the next four months, a senior government official said recently. At present, the Government is going by certain estimates, which suggest that India’s logistics cost stands at about 13-14 percent of thecountry’sGDP(grossdomesticproduct). Cont’d. Pg. 19