Centre lays foundation stone for Third Container Terminal Project at V.O. Chidambaranar Port

The central government has laid the foundation stone for the third container terminal project at V.O. Chidambaranar Port in Tamil Nadu. The project involves conversion of berth 9 as container terminal with 0.6 million twenty-foot equivalent units per annum capacity on design, build, operate and transfer basis under public private partnership mode for a concession period of 30 years. The estimated cost of the project is Rs 3.43 billion.