亚博体育官网首页

V.O. Chidambaranar Port Scraps Mega Terminal Tender
PORTS & SHIPPING

V.O. Chidambaranar Port Scraps Mega Terminal Tender

The V.O. Chidambaranar Port Authority has scrapped its ?7,056 crore tender for constructing a mega container terminal in the Outer Harbour. This decision comes after extensive evaluation and due to concerns related to the project's execution. The cancellation marks a significant shift in the port's expansion plans, which are vital for handling increasing cargo traffic and boosting trade capabilities.

The mega terminal was envisioned to enhance the port's capacity, making it a more efficient hub for container traffic. However, logistical challenges and the inability to secure necessary approvals for certain project components led to the cancellation. The port's management indicated that they would review alternative approaches to achieve the same objectives, focusing on improving the existing infrastructure.

The scrapped project would have played a pivotal role in supporting both regional and international trade. V.O. Chidambaranar Port is strategically positioned along the eastern coast of India and serves as a vital gateway for exports and imports, particularly for Tamil Nadu and neighboring states.

The cancellation has sparked discussions in the shipping and logistics sector, with experts urging for more robust planning and execution strategies in future infrastructure projects. While this setback may delay some expansion plans, the port authority remains committed to strengthening its overall infrastructure and operational efficiency.

The V.O. Chidambaranar Port Authority has scrapped its ?7,056 crore tender for constructing a mega container terminal in the Outer Harbour. This decision comes after extensive evaluation and due to concerns related to the project's execution. The cancellation marks a significant shift in the port's expansion plans, which are vital for handling increasing cargo traffic and boosting trade capabilities. The mega terminal was envisioned to enhance the port's capacity, making it a more efficient hub for container traffic. However, logistical challenges and the inability to secure necessary approvals for certain project components led to the cancellation. The port's management indicated that they would review alternative approaches to achieve the same objectives, focusing on improving the existing infrastructure. The scrapped project would have played a pivotal role in supporting both regional and international trade. V.O. Chidambaranar Port is strategically positioned along the eastern coast of India and serves as a vital gateway for exports and imports, particularly for Tamil Nadu and neighboring states. The cancellation has sparked discussions in the shipping and logistics sector, with experts urging for more robust planning and execution strategies in future infrastructure projects. While this setback may delay some expansion plans, the port authority remains committed to strengthening its overall infrastructure and operational efficiency.

Next Story
Technology

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Next Story
Real Estate

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Next Story
Equipment

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement