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SCL – Sethusamudram Shipping Canal – Tamil Nadu - Project Profile

SCL – Sethusamudram Shipping Canal – Tamil Nadu - Project Profile

Synopsis

"SCL – Sethusamudram Shipping Canal – Tamil Nadu - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "SCL – Sethusamudram Shipping Canal – Tamil Nadu - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Sethusamudram Corporation Ltd (SCL), a special purpose vehicle formed by the government, is planning to undertake the Sethusamudram Ship Canal Project near Rameshwaram, Tamil Nadu, India.

The project involves boring a 167km long, 11m deep water channel linking the shallow water of the Palk Strait with the Gulf of Mannar.

In July 2005, Dredging Corporation of India Limited was awarded as the dredging contractor for the project. Dredging works were commenced and expected to be completed in four years, however, due to environmental and technical issues the dredging works were stopped in July 2009.

In September 2011, Intergovernmental Panel on Climate Change (IPCC) has been formed to study a viable alternative site for the project.

The project was planned to be funded on a debt-equity ratio of 1:1.5. However, because of uncertainties in the project implementation the company was not been able to raise loans.

Ministry of Shipping is looking at four to five options and the project is under a legal litigation before Supreme Court of India.

Scope

The project involves the construction of a 167km long deep water channel linking the shallow water of the Palk Strait with the Gulf of Mannar near Rameshwaram, Tamil Nadu, India.

The US$520 million project includes the following:

1. Dredging of 11m deep water canal

2. Construction of 300m wide shipping lane

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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