The state owned V.O.Chidambaranar Port, Tuticorin situated near the
landís end in South Tamil Nadu signed the concession Agreement for construction
of Shallow Draught Berth for handling of Construction Materials through PPP
mode on January 17th.
The concession agreement was signed by Chairman of the port Mr
Jeyakumar,. on behalf of Port and
Mr_S.Jagatheesan,Director of M/s.VJR Port Terminal Pvt, Ltd., on behalf of
M/s.VJR Port Terminal Pvt, Ltd. in the presence of Mr.Suresh
S.P.Patil, Chief Engineer, V.O. Chidambaranar Port and Mr D.Gnanaraj, VJR Port Terminals Pvt,
Shallow Draught Berth for handling Construction Materials through PPP
will be developed at a cost of Rs.65.37 Crores by M/s.Indian Port Terminal Pvt,
Ltd., Tuticorin. M/s.Indian Port
Terminal Pvt, Ltd., Tuticorin would offer a revenue share of 36.01 per cent to
the Tuticorin Port. .
.Indian Port Terminal has formed a SPV in the name of M/s.VJR Port
Terminals Pvt., Ltd., to construct and operate the berth. From the date of
signing of Concession Agreement, construction of the berth would commence
within 3 months and commercial operations would commence in 18 months.
The designed capacity of the berth is 2 Million Tons Per Annum.. The
berth would be constructed of size of 260m length and 30m width and storage
space of 2.5 Hectares will be provided by the Port. The berth would be capable
of handling 25,000 DWT ships with a draft of 10.3 meters.
Port officials said that this is the
17th berth to be constructed at the Tuticorin port. A total of 15 berths are
already functioning and 16th berth to handle coastal cargo is under
construction. Officials said that 80% of the construction of the berth has been
completed and would soon be put to use.