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Cabinet approval for Thangassery port plans

Tuesday, 17 Apr 2012

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The Kerala Cabinet has approved a DPR to develop the Thangassery port near Kollam in the state.

The development of the port will be taken up in two stages with an initial thrust on basic infrastructure. The Phase I will require investment of Rs 111 crore and the Phase II will require Rs 125 crore. The state government has already invested Rs 71.06 crore as part of the Phase I. Under the plan, mechanical handling equipment and cranes will be installed at the port and connectivity and storage facilities toned up. A wharf will be laid out to the southeast of the port periphery in the second stage of development.

Also, the cabinet has given nod to a revised RFP document and a draft concession agreement with respect to the project.

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