Tenders for consultants for Colachel port by March

Image
Press Trust of India Mumbai
Last Updated : Feb 17 2016 | 10:22 PM IST
The Centre will issue tenders for appointing a consultant for the proposed transhipment port at Colachel in southern Tamil Nadu, Union Shipping Minister Nitin Gadkari said here today.
The minister said Colachel on the southwestern Tamil Nadu coast, Sagar in Bengal and Wadhawan near Dahanu north of Mumbai will be the three new greenfield ports.
It can be recalled that already work on second transshipment terminal in Kerala is underway less than 70 km north of the proposed Colachel port.
The country's first transshipment terminal is also in Kerala, in the commercial capital of the state, which has been functional since February 2010 but at a lower capacity due to cabotage laws that prevent larger ships sailing through domestic waters.
"We have already initiated investments worth Rs 80,000 crore for mechanisation, modernisation and computerisation of ports under the Sagarmala project," Gadkari said at the Make in India Week here.
Colachel has deep drought of 18.5 metres, while the being developed at Vizhinjam has 20 meters.
The minister also pointed out that the Cabinet has recently approved a 20 per cent subsidy to boost shipbuilding, apart from sanctioning of infrastructure status for the shipbuilding industry.
Gadkari further said the Inland Waterway Bill will shortly get the Rajya Sabha nod, paving the way for of 111 river ports.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 17 2016 | 10:22 PM IST

Next Story