Full-fledged operations to commence from 2014
Aiming to cater to the needs of EXIM traders, V.O. Chidambaranar Port, Tuticorin will soon have its second container terminal with a handling capacity of six lakh TEUs (twenty foot equivalent units), according to S. Natarajan, Chairman of the Port.
The estimated project cost is Rs. 312.23 crore and concessionaire would offer gross revenue share of 55.19 percent. Since the container handling capacity of existing terminal had reached its saturation level, the need for augmenting the container handling facility aroused. Hence, the eighth berth at the Port was being converted in to another container terminal with a draft of 12.80 meters. The terminal would commence interim operations by deploying gantry cranes within two months and its full-fledged operations would commence from the beginning of 2014.
With this, the container handling capacity of the Port would be increased to one million TEUs (twenty foot equivalent units) .
EXIM traders, particularly from Tirupur, Coimbatore, Karur and Erode would be benefited by the additional container terminal, he told The Hindu here on Wednesday. The container traffic through the Port at the existing terminal had already crossed its handling capacity of 4.17 lakh TEUs to 4.77 lakh TEUs in 2011-12.
On the new container terminal, T. Johnson, president, Indian Chamber of Commerce and Industries, Tuticorin and Managing Director, St. John Freight Systems Limited, Tuticorin, said it would be a significant development forward in trade operations.
Estimated project cost is Rs. 312.23 crore To offer gross revenue share of 55.19 per cent
Estimated project cost is Rs. 312.23 crore
To offer gross revenue share of 55.19 per cent