Our Correspondent

Madurai, Sept.14

Tuticorin Port Trust (TPT) will be presenting shortly the report of pre-feasibility study for the construction of a shipbuilding yard to the Joint Board of Trustees and would seek the approval of the Government of India for offering the project on Build-Operate-Transfer basis or lease basis.

The study was carried out by the Port in association with Goodearth Maritime Ltd, Chennai. The consultants Korea Maritime Consultants Company Ltd, Korea, submitted the report on September 9.

The salient features of the proposed shipyard at an approximate project cost of Rs 1,400 crore would facilitate a shipbuilding capacity up to 6 Panamax size ships per year. The project, if cleared would be completed in a period of 4 years, a TPT press release said.

(This article was published in the Business Line print edition dated September 15, 2006)
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