In what could boost the economic prospects of Tamil Nadu, especially the south, the Centre has given the green light for the development of Colachel, Kanyakumari, into a major port transforming it into India’s southern trans-shipment gateway.
The Rs 21,000 crore project will involve reclaiming 500 acres of land from the sea, and will take three years to complete, according to the union minister of state for shipping Pon Radhakrishnan, the MP from Kanyakumari, on Thursday.
“The Tamil Nadu government has given its consent for the project which will be fully financed by the Centre, after union shipping minister Nitin Gadkari wrote to the state government in this regard,” said Radhakrishnan.
This will be the next major port in the country, Radhakrishnan told Express, adding that the feasibility study that was submitted about a month ago was very positive.
Colachel Port will be located just less than 50 kms away from another major upcoming deep sea port of Vizhinjam in Kerala. Sea has natural depth of more than 20 meters allowing super shipping vessels which are not coming to any Indian port currently, resulting in Indian goods being transshipped through Colombo ( 60-80%), Dubai or Singapore ports. Both the ports are on international shipping line which makes it easier for shipping companies.
These two ports will be a major boost to export oriented manufacturing industry coming up with "Make in India" initiative.
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This blog is intended to list all major projects initiated by or supported by NDA Govt and PM Modi. Information is collated from government websites and several publically available information on news sites and blogs. Please use comment section or contact form below to notify any updates or corrections. Thank You.
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