Five in the frame for Tuticorin

Tuticorin Port Trust has shortlisted five companies for its second container terminal. These are: PSA-Sical (which operates the existing terminal), Oceanic Transport, Chettinad Logistics, Afcons Infrastructure and Larsen & Toubro. Investment of $62.65m will be required during the 30-year lease period.

Unwilling to let its commitment to the planned deep water berths slide, the Port Trust has confirmed that it will now undertake the dredging itself rather than leave it to a private operator to develop.