The Private Public Partnership Advisory Committee (PPPAC) has given its clearance to the Rs 3,686 crore mega container terminal at the Chennai port, thus paving the way for the issue of request for proposal (RFP) for the project. The project will increase the portâ€™s annual container terminal handling by four million TEUs (twenty foot equivalent units) from 2.2 million TEUs.
This will be the countryâ€™s first mega container terminal to be built on a build, operate and transfer (BOT) basis and will have a 2 km long quay length in a straight line at the new outer harbour, with a 2.75 km extension of existing outer arm breakwater and a new northern breakwater of 1.73 km emanating from the Eastern Breakwater.
It will cost an estimated Rs 3,686 crore, of which, the selected bidder will invest Rs 3,125 crore and the rest will be invested by ChPT. The land behind the terminal will be the back-up and storage.