Financial Daily from THE HINDU group of publications
Friday, Jan 28, 2005
Financial Daily from THE HINDU group of publications Friday, Jan 28, 2005 |
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Logistics
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Shipping TPT to spend Rs 100 cr for infrastructure facilities Our Correspondent
Madurai , Jan. 27 THE Tuticorin Port Trust (TPT) will be spending Rs 100 crore during 2005-06 on improvement of infrastructure facilities at the port. According to the TPT Chairman, Mr N.K. Raghupathy, the development projects include creation of an additional berth with a draught of 10.7 m and road works worth Rs 17 crore. There are plans to increase the draft in the inner harbour from 10.7 m to 12.8 m subject to Government approval and assistance. To match developments in other ports, the outer harbour would be developed to a draft of 14-16 m in another five years. Once the feasibility became available, the outer harbour development project would be offered to the private sector. The plan includes creation of six to eight berths to handle different types of cargo and dredging component, he said while addressing the Republic Day Celebrations held here.
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