Chennai port to get 125 acres

The Tamil Nadu government is allocating 125 acres of land near Sriperumbudur to the Chennai Port Trust for setting up a dry port and multimodal logistics hub. The proposed project would attract an investment of around Rs 100 crore.

The government would provide the land at Mapeddu on lease for a period of 99 years to the port trust, which plans to develop the hub near the Sriperumbudur SEZ on a build, operate and transfer (BOT) basis, said Capt Subash Kumar, chairman, Chennai Port Trust.

Kumar said here on Tuesday, he said the private operator would build and operate the facility for a 30-year license period. Tenders in this regard would be called in a month.

Sriperumbudur houses automobile majors including Hyundai and electronics companies like Samsung and Nokia.

The hub will have an inland container depot/offdock container freight station, container yard, rail and road connectivity to national rail and road network, trade centre, warehouses for containerised cargoes like leather garments, automotive components and electronic hardware. It will also have an onsite customs clearance facility.

He said the Rs 600-crore Chennai-Ennore road connectivity project and the Rs 1,655-crore elevated four-lane corridor to Maduravoyal would be put on fast track.