Home Energy News Port & Dam News Development of deep sea trans-shipment port at Colachel to cost Rs 27,570...

    Development of deep sea trans-shipment port at Colachel to cost Rs 27,570 crore

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    The deep sea trans-shipment port proposed to be developed at Colachel in Tamil Nadu will require Rs 27,570 crore as per the techno economic feasibility report (TEFR), Parliament was informed. The aim is to develop a deep sea trans-shipment port at Colachel (Enayam), which is very close to the great East-West Shipping route, Minister of State for Shipping, Pon Radhakrishnan said in a written reply in the Lok Sabha. The port is proposed to be developed through investment by government and public-private partnership (PPP) mode. The development of the new major port at Enayam near Colachel will cover 2017-30, the minister said. In a separate query, Radhakrishnan said Sagarmala is a long-term programme, which was approved by the Cabinet on March 25, 2015. The programme involves drawing up a National Perspective Plan (NPP) for port modernization and new port development, port connectivity enhancement, port-led industrial development and coastal community development, he added. To exploit the potential of around 7,500-km long coastline of the country and 14,500 km of potentially navigable waterways, the Sagarmala programme aims to promote port-led development. Sagarmala will entail an estimated infrastructure investment of more than Rs 2 lakh crore.

    Source: indiatoday.in
    Image source: alnt.info

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