The Union government owned Chennai port has fixed rates for a new container loading facility it is building with private funds on par with the rates fixed for a container terminal at Jawaharlal Nehru port, also State-owned, near Mumbai.
After buying a 50 per cent stake in a container-loading facility at Mundra port in Gujarat in last July, Terminal Investment Ltd SA (TIL) , majority owned by Mediterranean Shipping Co SA (MSC), is looking to expand in India further. Terminal Investment Limited SA (TIL) invests in, develops and manages container terminals around the world. The company was founded in 2000 to secure berths and terminal capacity in the major ports used by Mediterranean Shipping Company (MSC).
For building a Rs 1,270 crore container loading facility the Ennore Port in Tamil Nadu received 11 initial bids from private groups. The deadline for submitting the bids ended on July 25. Ennore Port is IndiaÂ’s only Union government-controlled port that is run as a company; the others operate as trusts. The new terminal will have a capacity to load 1.4 million standard containers a year from a berth length of 730 metre.