Tuticorin Port Trust has lined up major expansion
plans costing Rs.840 crore, for which is awaiting government approval. The port
is also gearing up to meet the increased demand once the Sethusamudram Canal
project gets commissioned.
The capital expenditure plans of the port include
deepening of draft from 14m to14.6 m at a cost of Rs.460 crore,
construction of five more berths (capital outlay, Rs.230 crore) and a Rs.150
crore project to convert Berth No.8 into a container terminal station on BOT
basis.
TPT has forwarded its capex plans to the Public
Investment Board following which clearance from the Cabinet Committee on
Economic Affairs would be sought.