A Rs 3,500-crore LNG Floating Storage and Re-gasification Unit (FSRU), related port infrastructure and a power plant are to be established in the southern coast of Tamil Nadu. According to sources, Eurostar Kirtilals will soon enter into an agreement with Tamil Nadu Industrial Development Corporation (Tidco) for a joint venture to set up the project in Nagapattinam.
Due to the underground drainage project, Nagapattinam has been covered with a blanket of dust for over two years now. Deep trenches, dugout roads, and mounds of mud mark the much touted yet incomplete project. With the project overshooting its schedule, it is becoming the bane of the town.
The Indian Institute of Technology, Madras recommended the Tamil Nadu government to develop the proposed port at Nagapattinam as an Â‘all weather, deep water, direct berthing port. The state government would conduct the bidding process for the Rs 380 cr project based on reco