Chennai Port Trust (ChPT) plans to
invest around Rs.1,500 crore by 2010 on various projects.
The plan includes Rs.750 crore
dedicated elevated expressway from the port to Maduraivoyal (up to National
Highway 4). Of the remaining Rs.750 crore, around Rs.200 crore will be spent on modernisation
of the port while Rs.40 crore had been spent on realignment of rail and road
network inside the port.
The Chennai port handled a record
53.41 million tonne for fiscal ended 31 March 2007, 13 per cent higher than
47.25 million tonne during 2006.
The ChPT in January signed a 12 year
agreement with Hyundai Motors India to increase export of cars through the port.
The agreement offers concessions in wharfage and vessel-related charges,
including pilot charges, based on the number of cars exported by Hyundai.
Also See:
ChPT, PSA-Sical sign agreement for second box terminal
(8-Mar-07)