Kamarajar Port Ltd (KPL) is all set to become one of the top five ports in the country by 2020 by expanding its capacity to 86 million tons per annum (MTPA) from the current 32 tons at an investment of Rs.7,300 crore. The expansion plans also included the setting up of more multi-cargo terminals, including two extra terminals for automobiles, besides upgrading other infrastructure facilities. Located 24 km to the north of Chennai Port, KPL is India’s only corporatized major port, with the Centre holding 68% stake in it and the remaining held by the Chennai Port Trust. As part of the expansion, contracts have been awarded for creating additional terminal facilities which include two more berths (9MTPA each) for the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) at an investment of Rs.500 crore, modification of the existing iron ore terminal to allow handling of coal, and an LNG terminal. Once the ongoing projects are completed, handling of containers, heavy project cargo and LNG would commence at the port, which is poised to achieve total capacity of 86 MPTA , says Chairman-cum-Managing Director, MA Bhaskarachar.
📅Published on:
23 May 2017
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