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Chennai Port Trust Scales down Chennai Ennore Road project.

Posted on: 05/Apr/2010 1:39:21 AM

Chennai Port Trust has scaled down the project cost of Chennai- Ennore Port Road Connectivity Project from Rs 600 Crores to Rs 550 Crores as per an official release. The reduction has been possible due to reduction in the cost of steel and cement prices. The project is designed as a Toll road is expected to be completed in the next two years. The project was originally estimated to cost around Rs 150 Crores. It was recently scaled up to Rs 600 Crores. The land acquisition for the project is still on, it is now speeded up. Hope fully the project will see the light of the day before elections in 2011. Apart from this Chennai Port trust has another Major projects going on. One is Chennai Mega Container Terminal-at an estimated cost of Rs 3686- is expected to be completed by 2015.  And another is Integrated Dry Port & Multi-modal Logistics Hub near SriperambudurSEZ, which is still in planning stage.