Chennai port to get new container terminalApril 2nd, 2008 - 11:22 pm ICT by admin
Chennai, April 2 (IANS) The Chennai Port Trust Authority (CPTA) Wednesday announced that the central government has “in principle” approved a new container terminal with a capacity to handle five million TEUs (twenty foot equivalent unit). The port has received clearance from the union environment ministry for the Rs.31.1-billion project under build, operate and transfer programme, said K. Suresh, CPTA, in a statement released here.
An elevated expressway will be built at a cost of Rs.14.68 billion to connect the Chennai port to national highway to Bangalore and the industrial hub of Sriperumbudur, he added.
The Chennai port registered a seven percent hike in cargo handling and 27.41 percent hike in container handling, the statement said.