Tuesday, October 03, 2017

Singapore to help develop city air cargo hub

Nagpur: Singapore's Changi airport, which is the best in passenger and cargo operations, will provide technical and commercial consultancy to develop air cargo hub at Nagpur. It will also help in actual construction of the hub.
Addressing the media after flagging off Nagpur Metro's trial run on Saturday, chief minister Devendra Fadnavis said that an agreement had been signed between the airport and state government in this regard. Changi will also help in construction of Pune's new airport at Chakan.
Commenting on other developments during his recent visit to South Korea and Singapore, Fadnavis said that an agreement had been signed between state government and a Singapore government agency for planned development of Nagpur and Pune Metro regions.
A Singapore company would also set up a free trade warehousing zone (FTWZ) near the city. "This company already operates such a facility at Jawaharlal Nehru Port Trust (JNPT). Large number of international logistics companies are taking interest in Nagpur after implementation of Goods and Services Tax (GST)," the CM added.
South Korean government was ready to provide funds for Nagpur-Mumbai communication super-expressway. "A special purpose vehicle (SPV) will be formed between Maharashtra State Road Development Corporation (MSRDC) and two Korean government agencies for building the expressway. Indian banks are also ready to fund the project but Korean loans are far cheaper," Fadnavis further said.
On the Metro coach factory in Butibori, he said that due to recent strain in relations between India and China, the project had been put on the back burner but now with restoration of normalcy, it would gather pace.
03/10/17 Ashish Roy/Times of India
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