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Chennai port will to spend additional INR 1 crore every day

Steel News - Published on Sun, 21 Aug 2011

The entire trade using the private container terminals at Chennai port will spend an additional INR 1.5 crore every day due to the \'Chennai Trade Recovery\' imposed by the Chennai Feeder Operators from August 15.

According to an industry source, this may be a small amount but if the charge continues for a month the amount could be around INR 50 crore.

Starting August 15, the operators have imposed a charge of USD 75 per TEU (20 foot equivalent unit). The charge is due to a small local problem lack of gates for entry and exit of container laden vehicles that in turn led to delays in ship turnaround.

Every month, nearly 0.150 million container-laden vehicles (both import and export) transit through the port\'s only available gate (Zero Gate) at Royapuram, north of the port.

While the trade has been asking the Chennai Port Trust officials to open up Gate 2 and Gate 2A for movement of boxes, this has not been done due to resistance from local people.

With only one gate available, at times, there is a serpentine queue of vehicles lined up 3 to 4 kilometer creating lot of law and order problem. The congestion has in turn delayed evacuation of boxes from the port and movement of export boxes to the port, said an industry source.

(Sourced from Business Line)

Posted By : admin on Sun, 21 Aug 2011
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