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It’s curtains for Sethusamudram ship channel project Sethusamudram Corporation Ltd (SCL) is set to be wound up, bringing to end an ambitious maritime project that turned controversial over religious sentiments. “The Sethusamudram Corporation has passed a resolution seeking additional grant of ₹115.72 crore from the government to settle the dues of Dredging Corporation of India for the dredging works carried out at the project site along with a proposal to the ministry of ports, shipping and waterways for winding up SCL,” government sources said. The ruling Bharatiya Janata Party (BJP) was opposed to the project when it was in the Opposition. ....
Express News Service CHENNAI: It appears that the Sethusamudram Ship Channel Project (SSCP) is slowly dying due to litigations in the Supreme Court. Official sources say the project has been dormant for years due to litigations and there are no new developments. The Centre had set up the Sethusamudram Corporation, a special purpose vehicle (SPV), under the Companies Act in 2004, with the Cabinet’s approval, to raise funds and implement the SSCP a shorter shipping route between the country’s east and west coasts. The SPV included the participation of the Shipping Corporation of India Ltd, Dredging Corporation of India Ltd, Vizag Port Trust, Kamarajar Port Ltd, Chennai Port Trust, Paradip Port Trust and V O Chidambaranar Port Trust. ....