Friday , 24 January 2020
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The Public Private Partnership (PPP) development of the Mega Container Terminal at Chennai Port on a Design, Build, Finance, Operate and Transfer (DBFOT) basis with a 30 year concession, has been approved by the Cabinet Committee on Infrastructure (CCI).

Chennai mega container terminal development approved

The project is expected to boost exports and imports in the region with savings in freight and ship cost to shippers. At its present steady rate of growth in container volumes, throughput demand is expected to outstrip the available capacity of 2.0m teu per annum by 2017-18.

Capacity of the proposed Mega Container Terminal would double that figure to 4m teu and enable the port to handle the next generation of deep-draught ultra large container vessels, thereby reducing the need for transhipment at the ports of Singapore and Colombo.

Construction of the facility is expected to take seven years from the date the concession is awarded.