India: Cabinet OKs Financial Assistance for KoPT Dredging

The Union Cabinet approved the proposal for extension of financial assistance to Kolkata Port Trust (KoPT) to meet the dredging expenditure incurred by KoPT for maintenance of the river/channel. This will make transactions through the port commercially viable for the port users.

The scheme of financial assistance to KoPT towards dredging will be continued for a total amount of Rs. 1501.35 crore for the period from 2012-13 to 2015-16, with effect from 01.04.2012. The extant policy for awarding the dredging work in other major ports will be followed in respect of the dredging work to be carried out in Kolkata Port.

An ‘on account’ payment up to 90 percent of the amount payable towards financial assistance during the previous year may be made to KoPT in the following years in equal quarterly installments based on audit certificate for the previous year.

Press Release, November 29, 2013

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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