Tuticorin - V.O. Chidambaranar Port Authority (VOC Port), Tuticorin, has floated a fresh tender for its long-pending Outer Harbour Development Project, marking the third attempt to attract private participation. In a significant shift, the project is now being offered under the Hybrid Annuity Mode (HAM), moving away from the earlier Design, Build, Finance, Operate and Transfer (DBFOT) framework, in a bid to improve investor response.

With the change in execution model, the estimated project cost has risen sharply to ₹9,859 crore, up by more than ₹2 . . .