JSW Tuticorin Multipurpose Terminal Expands Operations with North Cargo Berth-III Development at V O Chidambaranar Port

Introduction:

JSW Infrastructure Ltd, through its subsidiary JSW Tuticorin Multipurpose Terminal Pvt Ltd, has formally entered into a concessional agreement with V O Chidambaranar Port Authority. This agreement marks a significant step towards the development and mechanisation of North Cargo Berth-III at V O Chidambaranar Port in Tuticorin.

The agreement, signed on July 2, 2024, follows the company’s receipt of the Letter of Award for this project. Under the terms of the agreement, JSW Tuticorin Multipurpose Terminal will undertake the development of a state-of-the-art 7 MPTA (Million Metric Tonnes per Annum) cargo berth.

This initiative is part of the port’s efforts to enhance its infrastructure for the efficient handling of dry bulk cargo, leveraging the advantages of the Public-Private-Partnership (PPP) model.

Transformative Partnership: JSW Tuticorin Multipurpose Terminal and V O Chidambaranar Port Forge New Development Path

Located approximately 600 km south of Chennai, V O Chidambaranar Port, formerly known as Tuticorin Port, serves as a vital gateway for trade in the region. The development project at North Cargo Berth-III will be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis, ensuring comprehensive infrastructure modernisation aligned with global standards.

We are pleased to announce the signing of the concessional agreement with V O Chidambaranar Port Authority,” said a spokesperson from JSW Infrastructure Ltd. “This strategic initiative underscores our commitment to bolstering India’s port infrastructure,

thereby supporting the country’s economic growth agenda.

Conclusion:

The project is expected to significantly augment the port’s cargo handling capacity, facilitating smoother trade operations and bolstering Tuticorin’s position as a key maritime hub on India’s eastern seaboard.

Frequently Asked Questions:

1. What is the significance of the concessional agreement signed between JSW Tuticorin Multipurpose Terminal and V O Chidambaranar Port Authority?

The concessional agreement signifies JSW Tuticorin Multipurpose Terminal’s commitment to developing and mechanising North Cargo Berth-III at V O Chidambaranar Port. This agreement allows for the enhancement of infrastructure for handling dry bulk cargo under the PPP model, aimed at improving operational efficiency and capacity at the port.

2. Where is V O Chidambaranar Port located and why is it important?

V O Chidambaranar Port, formerly known as Tuticorin Port, is situated approximately 600 km south of Chennai on India’s eastern seaboard. It serves as a crucial gateway for trade in the region, facilitating the movement of goods and commodities both domestically and internationally.

3. What does the development project at North Cargo Berth-III entail?

The project involves the construction and modernisation of a 7 MPTA cargo berth at V O Chidambaranar Port. It will be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis, aimed at significantly enhancing the port’s capacity to handle dry bulk cargo efficiently.

4. How will this project benefit JSW Infrastructure Ltd and the port authority?

For JSW Infrastructure Ltd, the project represents an opportunity to expand its operational footprint and contribute to India’s port infrastructure development. For V O Chidambaranar Port Authority, it signifies a strategic partnership to modernise infrastructure, improve cargo handling capabilities, and stimulate economic growth in the region.

5. What are the next steps following the signing of the concessional agreement?

Following the agreement, JSW Tuticorin Multipurpose Terminal will commence the development and mechanisation of North Cargo Berth-III. This includes detailed planning, construction activities, and implementation of advanced cargo handling technologies to meet global standards.

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