The Cabinet Committee on Economic Affairs (CCEA) has approved the Outer Harbor Project at the VO Chidambaranar Port in Thoothukudi. The project cost is estimated to be 17,167 INR-Crore.
The harbor infrastructure will be taken up under the Hybrid Annuity Model worth an estimated 11,733 INR-Crore. Meanwhile, container terminal expansion (phases 1 and 2) will be carried out under the Design, Build, Finance, Operate and Transfer model (DBFOT), estimated at 5,434 INR-Crore. The Outer Harbor Project will include breakwaters, rock bunds, wharfs, backup yard infrastructure, and two container terminals with 1,000 Meter (M) of quay length each. Moreover, these terminals will have the capacity to handle 4 to 5.2 Million Twenty Equivalent Units (TEUs).
Also Read: Integrated Residential Township – Reliance Township, Jamnagar
The Outer Harbor Project will create major new harbor infrastructure and container terminal capacity in the state. Additionally, it will facilitate enhanced maritime trade and give scope for regional development through increased port capacity and logistics activity.
Biltrax Construction Data is tracking 65,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
