Cabinet approves extension of existing container terminal at Visakhapatnam.Vishakapatnam, Apr 2 ( ANI ): The Cabinet Committee on Economic Affairs has approved the project related to extension of the existing container terminal A container terminal is a facility where cargo containers are transhipped between different transport vehicles, for onward transportation. The transhipment may be between ships and land vehicles, for example trains or trucks, in which case the terminal is described as a at Visakhapatnam port on Design, Build, Finance, Operate and Transfer (DBFOT) basis for a period of 30 years at an estimated cost of Rs. 633.11 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>.
Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million , subject to necessary clearances, such as security and environmental and forest clearances being obtained.
The project would enhance the container handling capacity of Visakhapatnam port from 0.4 Million TEUs (Twenty Foot Equivalent Units) to 1 Million TEUs.
The project will be taken up for implementation under the Private Public Partnership (PPP (Point-to-Point Protocol) The most popular method for transporting IP packets over a serial link between the user and the ISP. Developed in 1994 by the IETF and superseding the SLIP protocol, PPP establishes the session between the user's computer and the ISP using ) mode to be awarded on the highest Royalty basis. The entire investment on the project will be made by the concessionaire. The project will be completed within 24 months from the date of award of the concession. ( ANI )
Copyright 2013 aninews.in All rights reserved.
Provided by Syndigate.info an Albawaba.com company