Approval for Rs 3,686 cr terminal at Chennai port

The public private partnership appraisal committee has approved the proposed Rs 3,686 crore mega container terminal at Chennai Port. The project would be developed in phases between 2013 and 2018 with a total capacity of four mn twenty-foot equivalent units (TEUs) per annum. Of the total cost, Rs 963 crore would be spent for breakwater construction, Rs 500 crore for berths, Rs 360 crore on dredging and Rs 124 crore for reclamation. The port would contribute Rs 561 crore.