To reduce India's dependence on Colombo and Singapore ports for handling cargo traffic, the Central government is planning to build a mega transhipment hub at a cost of over Rs 5,000 crore. The transhipment hub is expected to come up near Tuticorin in Tamil Nadu.
The new container handling facility will not only reduce the logistics cost by around 10 per cent but will also bring down the travel time substantially.
The capacity of the terminal is expected to be over 1 million twenty equivalent unit (TEUs), which will be increased four times in phases in coming years as more berths will be added.
More Project Info: Mega Transhipment Hub (Tuticorin) Project