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Chennai Port to expand its container terminal

Chennai Port is investing around Rs.36860 million to set up a mega container terminal with 4 million twenty foot equivalent units(TEUs) per annum. Of the total investment Rs. 9630 million will be spent on breakwater, Rs.5000 million for berths and Rs.3600 million for dredging and Rs.1240 million for reclamation. It may be noted, the port has two operators – PSA Sical and DubaiWorld and they are likely to handle 3 million TEU by end of 2013. Around 9 companies have shown interest in the upcoming terminal . Navyuga Engineering Co Ltd, DP World Pvt Ltd., IL&FS Maritime Infra Co Ltd., Vadinar Oil Terminal Ltd, Mundra Port SEZ, L&T Transco etc.,

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