29 new projects for Chennai port
Posted on: 20/Jan/2011 1:37:39 AM
Shipping minister GK Vasan said 29 projects, with an outlay of Rs 10,000 crore, would be taken up at Chennai Port in various stages.
"Twentynine new projects worth Rs 10,000 crore will be taken up in the next ten years by the CPT where Cargo handling is expected to reach 140 million tonnes (during this period)", he said inaugurating the Rs 600 crore Chennai Ennore Port Road Connectivity Project.
He said the Chennai Ennore Port Road Connectivity Project would be completed in two years. The project cost was revised from Rs 309 crore to Rs 600 crore. CPT would contribute Rs 139.80 crore towards equity and Rs 110.68 crore as loan.
However, the Shipping Ministry and CPT had committed to enhance funding for the project. In the past two months, Chennai Port has contributed Rs 29 crore. So far, Chennai and Ennore Ports have contributed Rs 67 crore and Rs 13.75 crore as equity share.
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