The Centre would soon build a major port at Colachel in the southernmost tip of Tamil Nadu at an estimated cost of Rs 21,000 crore. It is envisioned to emerge as a southern gateway of transshipment in the country. Union Minister of State for Shipping, Pon Radhakrishnan, said that Government of Tamil Nadu has given its consent to the Centre to facilitate developing the port. He said that the port would be developed in three phases and it would take three years for completing the construction. Noting that the 1.7 million metric tonnes of goods would be handled at the port, Radhakrishnan said that the new port would soon turn out as a gateway from the south for the country. According to him, mother vessels are being anchored at Colombo port and containers are being ferried to different countries thereafter. The minister, however, did not elaborate the roadmap as to whether the port would be built on Public Private Partnership (PPP) model and did not talk about the monetary contribution by the Union government in establishing it. The Minister further said that the port would generate thousands of jobs in the region. He added that 500 acres of land would be reclaimed from the sea for the project, which would be landfilled and adequate compensation would be given to land owners, whose land would be acquired for the Colachel Port. Radhakrishnan also expressed hope that the issues related to completion of a road linking Chennai Port with Maduravoyal would be resolved.