Photo courtesy of Wikipedia The government-owned Jawaharlal Nehru Port Trust plans to increase its draft from the current 12 meters to about 14.5 m in the first phase of its port expansion. India expects a $60-billion investment in its ports by 2020 to ease infrastructure bottlenecks. This expenditure would be part of the planned $1-trillion revamp of India’s choked transport and power networks.“The focus will be on awarding projects under the public-private-partnership mode, with [a] chunk of investments coming from the private sector,” B.K. Chaturvedi, a member of the Planning Commission, told a local newspaper. Currently, 74 projects have been
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.