Ennore Port has signed an agreement with Bay of Bengal Gateway Terminals Pvt Ltd for the development of container terminal with a capacity of 1.5 million TEU, which will come up with an investment of Rs. 14070 million. Bay of Bengal Gateway Terminals is a special purpose vehicle promoted by Grup Maritim TCB, S.L., Spain; , Spain; Lanco Infratech Ltd, Obrascon Huarte Lain, S.A.and Eredene Capital PLC, UK/India. Construction is likely to begin in January 2011 and is to be completed by end 2013. It will be the first container terminal in India with a continuous quay length of 1 km designed to handle the largest container ship up to the size of 14,500 TEUs (twenty foot equivalent units) and can berth three mainline vessels simultaneously.
The port is planning to double its capacity from its present 30 million tonnes with an investment of Rs. 58900 million. It will also invest in dredging, a third coal coal berth for TANGEDCO and road and rail connectivity. IOCL is setting up a LNG regassification terminal at the port with an investment of Rs.. 43200 million which is likely to go operational by 2017.
The company has cancelled the agreement with Bay of Bengal consortium for delay in finalizing funds. A new operator is to be selected. Now the quay length is also to be developed in phases. Port of Singapore, L&T
Ennore Port- the first major port which is corporatized is the 12th major port in the country originally conceived as a satellite port to Chennai which is 24 kms away is a major container port. It is operating on land lord port model, where a large part of infrastructure development is undertaken on private sector participation. For more ongoing projects click here
Sical and MMTC has formed a special purpose vehicle ‘Sical Iron Ore Terminals Ltd’ to set up a iron ore terminal in Ennore Port near Chennai. In the SPV, Sical will hold 63% while MMTC will hold the remaining 26% stake and the remaining will be held by L&T Infrastructure Development Projects Ltd. The proposed investment for the terminal is estimated at Rs.5000 million.
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