Ennore Port Limited (EPL), Chennai and Ford India Private Limited have signed an agreement for export of Ford cars though the Ennore port for a period of 10 years.
Speaking on the occasion the Union Minister for Shipping Shri G.K. Vasan said that this is a part of series of initiatives by the UPA government for attracting investments in the infrastructure sector, particularly in ports and automobile sectors.
Giving details of the future projects of the port, the minister said that the Ennore Port has planned to set up an LNG storage and re-gasification terminal with IOCL for import of LNG at an estimated investment of Rs.4500 crores having capacity of 5 Million Metric Tonnes Per Annum.
The IOCL plans to commission the project by 2016-17. The Port has also commenced pre-project activities for the construction of the third coal berth to handle additional 9 million tonnes of coal required by Tamil Nadu Generation and Distribution Corporation (TANGEDCO).
In keeping with the global trend of containerised transportation of cargo, Ennore Port has also come up with a proposal to develop a container terminal at an estimated cost of Rs. 1,270 crore with a capacity of 1.4 million TEUs. This project is targeted for award during 2013-14 along with Multi Cargo Terminal.
The Port is expected to handle 24 MMT during 2013-14 as against 17.89 MMT during 2012-13. During the 12th five year plan, Ennore port has plans to increase the Port capacity from present 30 MTPA to 66.8 MTPA.
All these measures are expected to generate more employment opportunities, promote the growth of Indian exports as well as boost the domestic economy.
Press Release, January 21, 2014