Tuticorin port in south India has unveiled a major expansion plan which involves an investment of R40B over the next few years, the port’s chairman N K Raghupathy said.The port plans to invest R8.8B in the first phase to increase the draft from 10.7m to 12.5m.
The first phase, as previously reported in WorldCargo News, (September 2005, p9) includes setting up a second container terminal. From the original list of bidders, five have been short-listed - PSA and SICAL that operate the port’s first container terminal as a joint venture - Chettinad Logistics, Larsen & Toubro and DP World. Raghupathy said their names had been forwarded to the shipping ministry for approval ahead of inviting financial and technical bids....
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