Infrastructure sector projects by V. O.Chidambaranar Port Trust in Tuticorin
Project Information
5868
V. O.Chidambaranar Port Trust
The Cabinet Committee on Economic Affairs (CCEA) today approved a budgetary support of Rs 224 crore for dredging purpose at V O Chidambaranar Port Tuticorin (VOCPT) in Tamil Nadu.
The CCEA has approved the grant of budgetary support of Rs224 crore for the project "dredging in front of North Cargo Berth-II and two numbers of shallow draught berths at V O Chidambaranar Port," a government source said.
Total cost of the project is estimated at Rs 448 crore, inclusive of dredging cost, mobilisation and de-mobilisation charges, service tax and contingencies. The project duration is nine months from the date of award of work.
The source said the CCEA has approved only 50% of the total project cost.
The project is part of government initiative to boost cargo handling capacity at major ports in India.
Project Value
INR 448 Crore /-
Fund Mobilization Stage
Tuticorin
Tamil Nadu
India
Infrastructure
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