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Friday, April 06, 2007

Tuticorin Port Signs MOU regarding fourlanning of NH-7A

As a part of providing improvement to the road connectivity of Tuticorin Port a Memorandum of Understanding was signed on 26.03.2007 among the National Highway Authority of India, Tuticorin Port Trust and Tuticorin Port Road Company Limited, New Delhi, the Special Purpose Vehicle of the project.

The agreement envisages four laning of existing two lines of Tirunelveli – Tuticorin road from 4/0 Km to Km 51/2 of National Highways 7A. The equity capital of Tuticorin Port for the Project is to the extend of 11 % of the total project cost of Rs.231.20 Crores or Rs.25 Crores whichever is less. A cheque for Rs.5 Crores was handed over by Chairman, Port Trust to the Chief General Manager of National Highways.

Source: Tuticorin Port

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