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Exhibitions

Executive Talks

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Interview with Milad M Istefanous, Executive Director of Philomina Global Services Co. Ltd.

Interview with Milad M Istefanous, Executive Director of Philomina Global Services Co. Ltd.

Philomina Global Head office located at Khartoum City that is well known, and having branches @ Port Sudan (Seaport City), and our modern office systems and all staff to give excellent services to our potential customers and worldwide associates.

Interview with Filipe Garcia, Branch Manager of Inicio transitarios Lda

Interview with Filipe Garcia, Branch Manager of Inicio transitarios Lda

Since the year 2000 INÍCIO TRANSITÁRIOS has been dedicated with total commitment to the creation of door-to-door transport solutions, regarding maritime and air logistics, on an international basis.

Interview with Ken Zhu,of Coeffort (Shanghai) Logistics & SCM Co., Ltd

Interview with Ken Zhu,of Coeffort (Shanghai) Logistics & SCM Co., Ltd

Coeffort was established in January 2015, core business of Coeffort is supply chain management and provide professional solutions, including supply chain financing, supply chain design, procurement and distribution, international customs clearance agent, executive stock trusteeship, Department of outsourcing, outsourcing processing and distribution management, supply chain services. I hope our business can do for customers "time Save", "money Save", "way touching One".

Interview with Arturo Chavez, Commercial Manager  of Smart Logistics Group

Interview with Arturo Chavez, Commercial Manager of Smart Logistics Group

SMART LOGISTICS GROUP is a premier transportation and logistics company, with coverage in SPAIN/EUROPE. Our value-added services portfolio includes import and export freight management, truck brokerage, intermodal, load/mode and network optimization, and global visibility. We provide freight forwarding, customs brokerage, warehousing and all other logistics services.

Interview with Ordan Cargo, Managing Director of Ordan Cargo Ltd

Interview with Ordan Cargo, Managing Director of Ordan Cargo Ltd

We are " ORDAN CARGO LTD" a freight forwarding & logistics company based in Tel Aviv, Israel since 2001 having presences at all main ports ASHDOD/HAIFA/TLV for Import/Export/Cross SEA/AIR. We provide excellent and creative logistics solutions as well as quality service with competitive prices.

GVK may get to exit INR 3,000 cr Shivpuri-Dewas road project

Source:ichainnel    2014-5-19 10:37:00

The government might allow Secunderabad-based GVK Power and Infrastructure to quit its INR 3,000-crore Shivpuri-Dewas road project, setting a precedent for similar requests from road developers. The company would be allowed a harmonious exit, Senior government officials said.

The full board of the National Highways Authority of India (NHAI) had decided to allow the company to end the contract without encashing its bank guarantee, said an official who wished not to be named.

The company had agreed to pay NHAI a premium of INR 180 crore for the project in 2012, but decided to terminate the contract in January last year. GVK did not give any reason, but the project to widen 330 km of National Highway-3 to four lanes in Madhya Pradesh was delayed by environmental and other clearances, including right of way.

NHAI, then, moved the Supreme Court (SC) seeking modification of its guidelines that mandated forest clearance before environmental clearance. It said the related procedures had delayed and stalled many projects. The Prime Minister's Office (PMO) was forced to step into the issue between NHAI and the ministry of environment.

The GVK spokesperson did not respond to a query on whether the company had heard from NHAI or the government. An email sent to NHAI Chairman R P Singh went unanswered. A person close to the negotiations, who did not wish to be named, said GVK and NHAI were in talks for executing the project under certain conditions.

He said that "The company did not find the package for rescheduling of premium good enough."

A senior roads ministry official who did not wish to be named said: "If a developer is not at fault and it is NHAI that has not achieved condition precedent, bank guarantees will not be encashed." Agreements between road operators and NHAI require certain government clearances to precede the developers' obligations.

The contracts do not have an exit provision, though. Contracts can be terminated and bank guarantees encashed if road developers fail to meet deadlines. Another official who did not wish to be named said guidelines for an exit policy would be notified soon.

Many road projects are stalled by developers running short of cash and the government has allowed them to reschedule the payment of premiums. More than 15 project developers, of the 39 eligible for the relaxation, have sought rescheduled premiums. These developers have to pay NHAI INR 25,000 crore over the next 20 years. The NHAI board is likely to decide on premium rescheduling applications only after a new government is in place.

Premiums are rescheduled when developers cannot service their debt, operating expenditure or pay NHAI. If projected toll revenues fall short of the cost-plus premium, the government will consider the deferred amount as a loan to the developer and is expected to charge interest at an annual rate of 10.75-11%.