The Chennai Port Trust (ChPT) has now decided to go in for a multi-purpose terminal to handle different types of commodities. It has dropped its plan of developing mega container terminal following its two failed attempts.
Ernst and Young has been appointed to provide Transaction Advisory Services for the development of mega terminal. Henceforth, it would be referred as ‘Outer harbour development project.’
Ernst and Young has been given 12 weeks time to submit a Detailed Project Report (DPR) on how the project could be made attractive in terms of investment and revenue sharing, the engineering aspects and types of commodities that could be handled.