Kamarajar Port Limited (KPL) has signed a concession agreement with Sical Iron Ore Terminals Limited (SIOTL), a subsidiary of Sical Logistics Limited, for the conversion of an iron ore terminal at the port to a common user coal terminal. The project involves the conversion of the existing iron ore terminal on an “as is where is” condition to a common user coal import terminal with a capacity of 12 mtpa. The project will be implemented on a design-build-finance-operate-transfer basis under the PPP mode. The estimated project cost is Rs 5.94 billion. The berth will have the capacity of handling vessels of up to 160,000 deadweight tonnage (DWT). SIOTL has offered a revenue share of 55.52 per cent to KPL.