Facebook Twitter Instagram WhatsApp
    Trending
    • Goa might ban some aggressive dog breeds
    • 3,921 heart attack cases diagnosed, 2,948 patients thrombolised through STEMI project in last 5 yrs
    • High Court quashes govt’s decision to short charge Sunburn organisers
    • FDA directed to crack down on food business operators violating food safety norms
    • UP native arrested for house breaking theft in Revora
    • PWD to appoint 2 contractors to oversee speed breaker works across Goa: Cabral
    • CM accepts shack operators formula for shack allocation
    • Govt issues draft notification declaring 7 lakes across Goa as wetlands
    Login
    Saturday, September 30
    Goemkarponn – Goa NewsGoemkarponn – Goa News
    Facebook Twitter Instagram
    ePaper
    • Home
    • Goa News
    • Business
    • Political News
    • Local News
    • Goemkar Special
    • Travel
    • More
      • Top News
      • Sports
      • Page 3
      • Crime
      • Snippets
      • Cricket
      • Football
      • Health
      • Off Beat
    • Video News
    • About Us
    • Contact Us
    Goemkarponn – Goa NewsGoemkarponn – Goa News
    Home»Local News

    Adani Group has vested interests in augmenting double-track project; alleges GAC

    adminBy adminDecember 21, 2020Updated:August 12, 2022 Local News No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Contrary to Adani Groups’ claims on social media last month that it had no stake in SWR double-tracking and highway 4-laning projects, records available in the public domain imply otherwise. Adani Mormugao Port Terminal Pvt Ltd.’s (AMPTL) statements before the Tariff Authority for Major Ports (TAMP) make it apparent that enhancement of road and railway infrastructure on the Goa – Karnataka corridor are critical to achieving full potential of its current coal/coke handling operations at MPT.

    AMPTL, a subsidiary of Adani Ports & SEZ Ltd, entered into a 30-year concession agreement with Mormugao Port Trust (MPT) on 22nd September 2009 for development of 7.5 MMTPA coal terminal at Berth no. 7 of Mormugao Port on DBFOT basis. Commercial operations commenced in June 2014. However, within five years, AMPTL approached MPT claiming that its unit had turned into a “stressed PPP project” for the years 2017-18 and 2018-19 in terms of criteria established by Ministry of Shipping (MoS) entitling it to rationalization of storage charges etc. It also sought increase in free storage period from 15 days to 25 days. MPT referred the proposal to TAMP for approval last August.

    TAMP’s recent tariff notification dated 25th November 2020i exposes AMPTL’s claim. The order quotes AMPTL as saying that “the underutilization of capacity is not on account of any defaults or deficiencies on the part of AMPTPL in the discharge or storage or loading of cargoes but solely on account of the lack of availability of railway rakes, lack of a four-lane highway and restrictions imposed by MPT on road transportation of coal”.

    Substantiating its claim of being a “stressed PPP project”, AMPTL alleged that “telescopic storage charges at Berth No.7 of MPT are excessive and unviable given the challenges in respect of availability of sufficient and adequate cargo evacuation means on account of lack of railway rakes, permission for limited hours of road transportation operations and absence of a 4-lane bypass highway”.

    Kindly note that lack of railway rakes is a consequence of the single rail track.

    MPT had projected a capacity of 7.50 MMTPA in the DPR for the coal terminal at Berth no. 7 based on assumptions of completion of 4-lane highway and double-tracking of the Goa Karnataka rail line. AMPTL alleged a negative return on capital employed for the reason that MPT specifications for the Coal Handling Terminal were disproportionately excessive to the evacuation constrained use-case.

    While countering MPT’s submissions at the recent TAMP hearing, AMPTL reminded MPT of its statements quoted in earlier TAMP tariff notification dated 20th August 2008 that it was investing huge amounts in construction of flyover and four-lane road for quick evacuation and that MPT has ascertained that railway capacity in the Goa-Karnataka corridor was likely to increase substantially over the next 5 to 7 years, and countered that:

    “Quite contrary to these assumptions and representations . . . even after 12 years the flyover and the four lane road which were promised by the MPT to be completed by 2010 are not available and the railway rakes conditioned on an increase in railway capacity in the Goa Karnataka corridor are also not available in sufficient numbers. As a result, the evacuation of cargo and, thereby yard capacity and therefore in the ultimate analysis the terminal capacity are severely constrained”.

    Hence, AMPTL has a vested interest in augmentation of evacuation infrastructure not only to achieve the projected coal/coke cargo target of 7.50 MMTPA as per the DPR, but to create favourable conditions for further capacity enhancement as well.

    Comment

    admin

    Keep Reading

    High Court quashes govt’s decision to short charge Sunburn organisers

    FDA directed to crack down on food business operators violating food safety norms

    PWD to appoint 2 contractors to oversee speed breaker works across Goa: Cabral

    Govt issues draft notification declaring 7 lakes across Goa as wetlands

    Unfortunately tourism is currently dependent on casinos: Khaunte

    Gadongrtim V.P lays foundation stone for a 16-rooms Ground+1 Mini-Market Complex

    Add A Comment

    Comments are closed.

    Archives
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    Categories
    • Big Story
    • Business News
    • Cricket
    • Crime
    • Football
    • Goa News
    • Goemkar Special
    • Health
    • India News
    • Local News
    • Off Beat
    • Opinion
    • Page 3
    • Photos
    • Political News
    • Snippets
    • Sports
    • Top News
    • Travel
    • Trending
    • Videos
    About
    About

    The Goemkarponn digital media platform gives you the latest news of the Goa Region. To read Goemkarponn News on your mobile, download our Android App (Goemkarponn News App).

    Facebook Twitter Instagram Pinterest YouTube WhatsApp
    LINKS
    • Local News
    • Goa News
    • Political News
    • Goemkar Special
    ADVERTISEMENT
    AVAILABLE AD BANNER
    • About Us
    • Contact Us
    Goemkarponn © 2023 - Powered by Xperts!.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?