CHENNAI: Kamarajar Port Limited (KPL) on Thursday issued a tender to develop its second container terminal, with an estimated project cost of ₹4,288 crore, under the public-private partnership (PPP) model. The first container terminal is operated by Adani Ennore Container Terminal Pvt. Ltd. (AECTPL) under the DBFOT model.
In light of increasing future demand for container handling facilities at KPL and as per the Maritime Amrit Kaal Vision (MAKV) 2047, it is envisaged and proposed to undertake the Development, Operation & Maintenance of the Second Container Terminal under Public-Private Partnership (PPP) mode to handle vessels up to 24,000 TEUs with a maximum LOA of 400 m, says the project feasibility report.
The terminal will be developed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis with a 40-year concession period. The project aims to meet growing export-import (EXIM) and transhipment demand and strengthen Kamarajar Port’s position as a container-handling hub.
