CHENNAI: The Kamarajar Port-Adani Group’s Rs 1,270 crore Container Terminal at the Port is expected to go operational within a month, a top official said here.
Adani Group and Kamarajar Port Ltd had signed a “concession agreement” in March 2014 to set up the container terminal in two phases at a cost of Rs 1,270 crore.
The terminal would have a handling capacity of 1.4 million TEUs, with a total quay length of 730 metres upon completion.
“It is a big achievement for us. It is the first time that Kamarajar Port Ltd is going to handle this kind of project. We expect it to be ready in a month’s time”, Kamarajar Port Ltd., Chairman and Managing Director M A Bhaskarachar said recently.
Noting that construction had been completed at the site, he said it was part of the Port’s plan to increase cargo handling capacity to 86 million tonnes.
On setting up of Multi-Cargo Terminal with Chettinad International Bulk Terminal Pvt Ltd., at the port, he said it was also expected to commence soon.
For this, the two firms had signed an agreement in March 2014 to develop Multi-Cargo Terminal on DBFOT (Design, Build, Finance, Operate and Transfer) basis, with a handling capacity of 2.0 MTPA.
“Construction work has been completed and terminal is expected to commence shortly”, he said.
Source: Daily Shipping Times.