A consortium of private equity firm Eredene Capital Plc has won the bid to build and operate the $312million
Container Terminal at Ennore Port in Tamil Nadu, South India. Ennore Port is one of the 13 major ports in one of the world's fastest growing economies. The consortium with Eredene includes Spanish port operators Grup Marítim TCB SL, international construction group Obrascón Huarte Lain SA, and India's Lanco Infratech Ltd.
Work will take 33 months and it is expected to be operational by the end of 2013. The concession will be awarded on a build, operate and transfer (BOT) basis for a period of 30 years. The terminal will have a quay length of 1000 meters and an estimated throughput of 1.5 million TEUs annually. The terminal will provide 15-meter water depth at the berths and will be able to handle three container vessels of up to 8000 TEUs simultaneously.
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