The Dredging Corporation of India (DCI) signed a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI) on 12 December 2017 to enable the availability of sand for highway construction work.
The Concessionaires working on highways projects have been facing a shortage of sand at many sites. Hence, the agreement aims to fill this gap by facilitating the availability of sand for these concessionaires.
Key Highlights
• The agreement aims to facilitate the supply of sand for highways construction work.
• Under the MoU, the business intermediaries will ship and store the sand at various ports in India and market it across the country.
• The NHAI will facilitate the whole process by displaying the availability of sand at various stockyards at the ports.
Background
The Dredging Corporation of India intends to conduct dredging operations at different locations in South East Asia, generating large volumes of sand.
The purpose of the whole operation is to obtain sand.
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