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The Chennai Port Trust will see investments of around Rs 1,500 crore over the next five years, towards many development activities to improve infrastructure and facilities at the port. The said investments will be made by Chennai Port Trust, along with some private investors. Chennai Port Trust Chairman Cyril C George said, “An investment of Rs 1,500 crore is envisaged towards enhancing facilities over the next five years. The said infrastructure will include construction of new coastal berths, reclamation activities, and we are also mulling establishing coal handling facilities (depending on the expected ruling by a committee of the Supreme Court), among others.”
The port will also have a large bunkering terminal, which will be used to supply fuel to ships. “The best-in-class infrastructure, strategic location, proactive management and skilled staff make Chennai Port a port of choice to trade — handling POL (Port of Loading), containers, cars, cruise, edible oil, project cargo, fertilisers, and other bulk cargo,” George said.
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