: A concession agreement was signed between V.O. Chidambaranar Port Trust here and Transstroy – OJSC Consortium, Hyderabad, for the project development of north cargo berth – IV for handling thermal coal and copper concentrate through public-private partnership, according to a statement on Wednesday.

The estimated project cost is Rs.355 crore and the estimated cost for a project construction of shallow draught berth is Rs.84.08 crore. The scheduled date of completion of the projects is one year.

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