Kamarajar Port Ltd (KPL) plans to invest Rs 9,286 crore for the implementation of various projects to increase the total cargo handling capacity by around four-fold to 110 million tonnes per annum (mtpa) in the next three years, up from the current 30 mtpa, the KPL CMD, Mr M.A. Bhaskarachar, said.
The Port would invest around Rs 1,570 crore, while the private sector would pump in Rs 7,716 crore for executing the proposed projects, including dredging, setting up new berths for handling automobiles and multi-cargo, coal terminals, LNG handling facility, among others.
According to Mr Bhaskarachar, the Port was mulling creating a new berth for handling an additional 300,000 cars per annum, as against the existing equivalent capacity.
The Port was also planning to add two more coal berths with capacity to handle 9 million tonnes at an investment of around Rs 250 crore each.
The KPL Chairman further said that Indian Oil Corporation (IOC) was expected to begin work by July for constructing its Rs 4,000-crore LNG terminal.
Adani Group’s Rs 1,270-crore container terminal would commence its phase-I by January next year. The total capacity of the terminal would be 1.2 million TEUs, of which 0.8 million TEUs would be ready in phase-I, Mr Bhaskarachar said.
This post was written by Atlantic Admin