Chennai Port Trust plans expansion

Chennai Port Trust will invest around Rs 1,500 crore over the next five years to strengthen its capacity and ward off competition from neighbouring ports. A major portion of the investment will be made through the PPP mode. Some of the major expansion plans include construction of a coastal terminal, development of a barge handling facility, construction of a coal handling facility subject to clearance from the SC panel, and construction of an EXIM godown, among others. Contact: Chennai Port Trust. Website: www.chennaiport.gov.in