V.O. Chidambaranar Port Authority has issued a global tender for the upgrade of Berth No. 7 at the Port of Tuticorin on India's east coast. The project, reported by DynaLiners, aims to transform the berth into a new container terminal.
The terminal will be developed under a design, build, finance, operate and transfer (DBFOT) concession model. According to tender details, the facility is planned to have an annual capacity of 420,000 TEU, a draught of 14.2 metres and the ability to handle container vessels of up to 12,000 TEU capacity.
The total investment for the development is estimated at approximately USD 540 million, while the concession period has been set at 30 years. The project is expected to strengthen Tuticorin's container handling capabilities and support future cargo growth on India's east coast.
The Port of Tuticorin holds a strategic position on the Indian Ocean, serving as one of India's major maritime trade gateways. The new terminal project will significantly enhance the region's container shipping infrastructure and accommodate increasing trade volumes.
Under the DBFOT model, private sector investors will be responsible for all phases from design to operations, transferring the facility to the port authority at the end of the 30-year period. This model has emerged as a key component of India's port modernisation strategy.
Key Takeaways:
1. V.O. Chidambaranar Port Authority issued global tender to transform Berth No. 7 at Port of Tuticorin into container terminal.
2. Terminal will have annual capacity of 420,000 TEU and handle container vessels up to 12,000 TEU capacity.
3. Total investment for the project is estimated at approximately USD 540 million.
4. Terminal will be developed under DBFOT model with 30-year concession period.
5. Project will strengthen container handling capabilities on India's east coast and support future cargo growth.
