Highlights
| Amount invested to 30 September 2011 |
£0.9m |
| Ownership stake |
22% |
| Lead investment partner |
TCB
www.gruptcb.com |
| Sector |
Container terminal |
| Location |
Ennore, Tamil Nadu, South East India |
| Progress to date |
Pre-construction phase |
Summary
Eredene is a partner in a consortium led by Spain’s biggest port terminal operator Grup Marítim TCB to build and operate a £207m container terminal at Ennore Port.
With excellent road and rail connectivity and pre-existing breakwaters and dredged navigation channels, the Bay of Bengal Gateway Terminal will serve a growing industrial hinterland and motor manufacturing hub, and it will have an eventual planned capacity of 2.4 million TEUs (twenty foot equivalent units) per annum. As such, it will be one of India’s largest single operator container terminals.