Kamarajar Port Ltd (KPL), the erstwhile Ennore Port Ltd (EPL), said the port would attract Rs 9,286 crore worth investments for implementing various planned projects. While the private sector would pump in Rs 7,716-crore investment, the port itself would invest around Rs 1,570-crore for executing the proposed projects. MA Bhaskarchar, Chairman and Managing Director of the Port, said the proposed investment would increase the port´s total cargo handling capacity around four-fold to 110 million tonne per annum (mtpa) in the next three years, up from the current 30 mtpa.
The port is located around 50 km from here, and mainly handles automobile, coal and liquid cargoes. The proposed investment would go into dredging, setting up new berths for handling automobile and multi-cargo, coal terminals, and LNG handling facility among others.