NEW DELHI: Shipping Ministry has intimated the Tamil Nadu Maritime Board its decision to release Rs 57.5 crores towards implementation of Cuddalore Port project in North Tamil Nadu to facilitate handling of ten lakh tonnes of cargo annually.
The Port is being set up by the State Government at a cost of Rs 115 crores to provide connectivity to central districts of the State. Both the Shipping Ministry and the State Government have agreed to share the cost of the project on 50:50 per cent basis.
The Ministry has informed the State Maritime Board its decision to release fifty per cent of Centre's committed amount Rs 28.75 crores very shortly. Maritime Board sources said that State Government has provided funds for the project. Centre will release the balance portion of the fund depending upon the progress of the project.
The project includes construction of North South breakwaters at a cost of Rs 25 crores. Two berths at 400 meters length and nine meters draft will be set up at a cost of Rs 40 crores. The capital dredging for the port is expected to cost Rs 50 crores.
Vessels of 15,000 dwt could berth alongside the port once the project is commissioned. At present the ships have to anchor two miles away from the port and cargo is brought in barges.
The proposed port has excellent rail and road connectivity. Along with a railway station at the Port, the four-lane National Highway 45 A is hardly a kilometer away.
The port is expected to cater to stream of thermal plants coming up in the East Coast besides industries in Ariyalur and Perambalur districts. Once the port is commissioned, it will give a fillip to industries in Central parts of Tamil Nadu.