VOC Port, Tuticorin, signed a tripartite MoU with Indian Railway Finance Corporation (IRFC) and Sagarmala Finance Corporation (SMFCL) for joint financing up to Rs 15,000 crore. The deal covers the Outer Harbour Project under Hybrid Annuity Model, including bund, breakwater construction, capital dredging, reclamation, and allied facilities. It was signed on February 3, 2026, at the Ministry of Ports, Shipping and Waterways in New Delhi by VOC Port Chairperson Susanta Kumar Purohit, IRFC CMD Manoj Kumar Dubey, and SMFCL MD LVS Sudhakar Babu.
Additional Objectives
The MoU supports financial structuring, funding identification, project execution, capacity building, and knowledge sharing to speed up completion. It aligns with Maritime India Vision 2030 and PM Gati Shakti National Master Plan.
VOC Port Joins Bharat Container Shipping Line JV
VOC Port signed another MoU to partner in the Bharat Container Shipping Line (BCSL) joint venture under Atmanirbhar Bharat. The JV, led by the Ministry of Ports, Shipping and Waterways, includes Shipping Corporation of India, Container Corporation of India, SMFCL, Jawaharlal Nehru Port Authority, Chennai Port Authority, and VOC Port. It aims to acquire vessels, containers, and assets for EXIM and coastal trade, providing end-to-end logistics with port, land, and sea connectivity.
JV Details
VOC Port takes an equity stake alongside other state entities to boost domestic container shipping. The initiative ties into the Container Manufacturing Assistance Scheme from Union Budget 2026-27, supporting Maritime Amrit Kaal 2047 goals for resilient supply chains and multimodal connectivity.
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