Adani, JSW, PSA looking to bag ₹7K cr Tuticorin project
Business Standard|March 25, 2024
A ₹7,056 crore outer harbour project by VO Chidambaranar (VOC) Port in Tuticorin is garnering interest from domestic and global majors in the sector, such as Adani Ports and Special Economic Zone, Singapore's PSA International, Dutch major Van Oord, JM Baxi, and JSW, among others, according to sources close to the development.
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Adani, JSW, PSA looking to bag ₹7K cr Tuticorin project

The project aims to capitalise on the newfound investor interest in the region, spurred by mega investments such as the ₹16,000 crore electric vehicle manufacturing unit by Vietnamese major VinFast, the Indian Space Research Organisation's second spaceport in Tamil Nadu's Kulasekarapattinam, and Singapore's Sembcorp's ₹36,238 crore investment in renewable energy.

The envisioned project aims to elevate VOC Port into the inaugural transshipment hub on India's East Coast. The VOC Port Authority has already issued the request for qualification. This initiative involves viability gap funding (VGF) from the Government of India and is structured as a public-private partnership on a design-build-finance-operate-transfer basis.

هذه القصة مأخوذة من طبعة March 25, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 25, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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