SCL – Sethusamudram Shipping Canal – Tamil Nadu - Project Profile
"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.
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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.
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: