Chennai Port allotted Rs 100 cr

The Shipping Ministry has allocated Rs 100 crore to the Chennai Port Trust to procure about 125 acre from the Tamil Nadu Government on a long-term lease. This is to set up a dry port and multi-modal logistics hub near Sriperumbudur SEZ. The port trust intends to procure land from the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The port will be developed on a build-operate and transfer basis. The private operator will build and operate the facility for a 30-year license period. Contact: Port of Chennai. Tel: 044-2536 2201. Fax: 044- 2536 1228. Website: www.chennaiport.gov.in