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PPAC Backs VOC Ports Rs 70.56 Bn Terminal Project

Monday 11th Dec 2023    1
PPAC Backs VOC Ports Rs 70.56 Bn Terminal Project
 

V O Chidambaranar Ports (VOC), under the Union government, received support from the Public-Private Partnership Appraisal Commission (PPPAC) for its Rs 70.56 billion outer port terminal project. This crucial approval improves prospects for maritime infrastructure development as VOC ports plan to expand and upgrade the outer port, in line with strategic initiatives to strengthen India's port capabilities. PPPAC's support underlines the feasibility and importance of the project in strengthening the country's maritime trade and logistics infrastructure. As VOC Ports moves forward with this important terminal project, it will not only contribute to the regional economic landscape but also position India for greater efficiency and competitiveness in the global maritime domain.

 
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