It seems the state government is trying hard to find an investor for the port, since the tender for the potential investor by the Tamil Nadu Maritime Board has been called for a third time. A strong pitch was made to woo investors during an infrastructure conclave organised in Chennai recently.
For infrastructure development of the port, the state government has already invested ₹159crore. This includes the extension of both the north and south breakwater, construction of a wharf, and dredging of the approach channel. It is reported that bidders are asking for more land bank for expansion of facility and assurance from the government over the concession period. Cargo potential at the Cuddalore port is projected at 13MMTPA. Containerised cargo volumes generated in central and western Tamil Nadu could easily be exported through this port. Currently, the ICD traffic is managed by Cochin Port whereas 60% of direct exports are channelled through VOC Port. Cuddalore Port primarily functions as an anchorage port. Larger vessels are unable to dock at the port and generally anchor offshore, where cargo is transferred using lighters and steel barges.
