Independent journal on economy and transport policy
04:50 GMT+1
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Group ICTSI will manage the container terminal of the new Indian port of Kattupalli
2012 will become operating in January
April 6, 2011
The terminalista group Philippine International Container Terminal Services, Inc. (ICTSI9 has signed an agreement with the L&T Shipbuilding Ltd. (LTSB), joint venture between the Indians Larsen & Toubro (L&T) and Tamilnadu Industrial Development Corporation Ltd. (TIDCO), in order to manage the container terminal of the port of Kattupalli, in the Indian State of Tamil Nadu, near Chennai.
The terminal takes part of the project "Shipyard cum Port which got ahead Complex" from the TIDCO, that it is the agency for the industrial development of the government of Tamil Nadu, in cooperation with the group L&T, with which has created joint venture LTSB on April 15, 2008. The project, for which a total investment of about 46,75 billion is estimated rupees (beyond a billion of dollars), previews the creation of a yard of construction and naval repair and of a container terminal on a harbour area of about 350 hectares.
The harbour terminal will have a line of dock of 1.710 meters and will be able to enliven 1,8 million container per year teu. The terminal will become operating the next January and initially it will have of two docks of 350 linear meters each, an area of 20 hectares and will be able to enliven 1,2 million teu.
That of Kattupalli will be the first operated harbour terminal from group ICTSI in India.
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