The Tuticorin Port Trust plans to develop a Rs 1,400 crore shipbuilding yard on BOT basis
The Tuticorin Port Trust plans to develop a Rs 1,400 crore shipbuilding yard on BOT basis. The project will be completed in four years. The port trust has carried out a pre-feasibility study in association with Goodearth Maritime Ltd, Chennai, which engaged Korea Maritime Consultants Company Ltd, Korea, for the study. The latter submitted its report to the port trust recently.
The port trust will now place the study before the Joint Board of Trustees and seek approval of the Government of India for offering the project either on BOT basis or lease basis. "Once the project is approved in principle by the ministry, tenders will be floated," N.K. Ragupathy, Chairman, Tuticorin Port Trust, said.
According to Ragupathy, Tuticorin, the gateway port of south India, handles about 1,500 ships per year, and there is consistent growth every year. It has excellent potential for developing a shipyard considering its strategic location, topographical and geographical condition, easy accessibility by road, rail and air, vast hinterland, scope for development of allied industries connected with shipbuilding, and execution of Sethusamudram Ship Channel Project, which will attract more movement of vessels.
The proposed shipyard will have a building dock of 1,279.5 ft in length, 213 ft in breadth and 32.8 ft in height, and at least five berths with total length of 3,937 ft. Besides, the shipyard will also have a pipe fabrication and assembly unit, hull fabrication section, pre-erection yard and galvanising unit among other facilities.
Once the shipyard is complete, the port trust plans to produce up to six Panamax-size ships a year.
The port trust will now place the study before the Joint Board of Trustees and seek approval of the Government of India for offering the project either on BOT basis or lease basis. "Once the project is approved in principle by the ministry, tenders will be floated," N.K. Ragupathy, Chairman, Tuticorin Port Trust, said.
According to Ragupathy, Tuticorin, the gateway port of south India, handles about 1,500 ships per year, and there is consistent growth every year. It has excellent potential for developing a shipyard considering its strategic location, topographical and geographical condition, easy accessibility by road, rail and air, vast hinterland, scope for development of allied industries connected with shipbuilding, and execution of Sethusamudram Ship Channel Project, which will attract more movement of vessels.
The proposed shipyard will have a building dock of 1,279.5 ft in length, 213 ft in breadth and 32.8 ft in height, and at least five berths with total length of 3,937 ft. Besides, the shipyard will also have a pipe fabrication and assembly unit, hull fabrication section, pre-erection yard and galvanising unit among other facilities.
