The VOC Port Authority in Tuticorinis inviting global bids totalling USD 942 Million (Rs. 7,056 crore) for an outer harbour project that includes construction of two container terminals. This involves preparatory work such as dredging and building a breakwater at the port, with a capacity to handle 4 million TEUs. This is line with the Government of India’s unwavering commitment to bolstering the country’s infrastructure is evident in its substantial investments in the shipping and logistics sector. This ambitious venture aims to catapult the port into a pivotal transhipment hub on India’s east coast. Designed to elevate the VOC Port’s stature and operational capabilities, the project is a testament to India’s commitment to modernizing its maritime infrastructure. The terminal, set to be developed through a public-private partnership (PPP), will encompass two container terminals equipped to handle 4 million TEUs, a testament to its scale and ambition.
