The Shipping Secretary, Mr P. K. Sinha, has said that the government would award Chennai Port’s mega container terminal project by July-end.
Set to become the highest-valued public-private partnership project to be awarded this year, the Rs 3,686-crore venture will create an annual additional capacity of four million TEUs at the port.
Adani Ports and Essar Ports are reportedly the contenders for the project and are awaiting security clearance from the Union government.
It is learnt that the Port Trust will bear the cost of dredging, floating crafts and navigational aids, estimated at Rs 561 crore, for the proposed 'build, own and transfer' project.
The private operator will carry out the task of berth and breakwater construction, reclamation of back-up area, installation of handling equipment and other infrastructure at an outlay of Rs 3,125 crore.
To be built north of the existing Bharathi Dock, the terminal will have two new breakwaters (4.5 km) and a continuous quay length of 2 km, which will have 22-metre alongside depth to handle ultra-large, 400 m-long container vessels of 15,000 TEUs capacity, Exim News Service informs.