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Ennore Port Ltd keen to set up Rs 1,270-cr container terminal

Investments will be Rs 1,270 crore. The RFPs (request for proposal) are out. Right now, L&T and Adani have shown interest (to develop the container terminal),’ Ennore Port Ltd CMD M A Baskarachar told reporters here.

He was speaking after exchanging documents with US car major Ford India, executive director (Manufacturing) Tom Chacklackal for exports of its cars from Ennore Port, in the presence of Union Shipping Minister G K Vasan. Baskarachar said the Port recently began operating transhipments of cargo in its port, aimed at generating additional revenue.

Noting that containerised cargo transportation is becoming a global trend, Vasan said the port has a proposal to develop a container terminal at an estimated Rs 1,270-crore cost with a 1.4 million-TEU capacity. It would be set up on 35 acres with a quay length of 730 metres. ‘The project is targeted for award in 2013-14 along with multi-cargo terminal,’ Vasan said.

On Ennore Port's cargo handling capacity, he said it was expected to handle 24 mmt this fiscal against 17.89 mmt registered in the previous fiscal. Vasan said the Shipping Ministry’s Land Policy is aimed at putting Indian ports on par with international ones.

‘I am happy the Land Policy was introduced when I am the minister. It is going to help all 12 major ports of the country. The policy is aimed at bringing in transparency in Ports which I wanted. For the first time, a Land Policy has been approved by the Cabinet’, Vasan said.

With the introduction of the policy there would be more involvement and work for chairmen of Ports. ‘You will see our Indian Ports at par with International ports. You will see the profits of our ports also going up.’, he said.

The Shipping Ministry recently unveiled land policy guidelines for all 12 ports to help them take up various projects. On other projects undertaken by Ennore Port, Vasan said it would sign
an agreement with IndianOil to set up LNG import storage and re-gasification terminal port at an estimated cost of Rs 4,500 crore.
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