The Tuticorin Port Trust (TPT) is planning to avail of a loan of Rs 4,000 crore from Japan Bank Corporation (JPC) to fund its outer harbour development programme. At the same time, it is also contemplating to develop port-based industries/services and infrastructure at the port through public-private partnership.
TPT Chairman G J Rao told Business Standard that the trust was planning to develop an outer harbour with an investment of Rs 4,500 crore. Of this, the port trust plans to invest Rs 4,000 crore, which will be funded through borrowings from the bank, while the remaining Rs 500 crore will come from private operators.