5. Project Details
Features
Two way channel
Bottom Width of Channel = 300 m
Depth of Channel = 12 m
Permissible Draft of Vessel = 10m
Permissible Speed of Vessel in Channel = 8 Knots
Navigation by day and night
Over all length of Channel = 167 Km
Dredged Channel at Adam’s Bridge = 35Km
Dredged Channel at Palk Strait = 54 Km
Maximum Vessel Size
Length = 215 m, Breadth = 33 m, Draft = 10 m
8. Financial Aspect
A special purpose vehicle,
Sethusamudram
Corporation, has been set up
with a debt-equity ratio of
1.5:1 for the Rs 24.27-bn
project.
The remaining equity of Rs
2.26 bn is to be raised
through a public issue, with
UTI Bank as facilitator.
Agencies Equity( Rs.)
The Central
government 4.95 bn
The Tuticorin Port
Trust 500 mn
Shipping
Corporation of India 500 mn
The Dredging
Corporation of India 300 mn
Chennai Port Trust
300 mn
Ennore Port Ltd
300 mn
Visakhapatnam Port
Trust 300 mn
Paradip Port Trust
300 mn
9. Advantages
1. Saving of upto 30 hours or 424 nautical miles
2. Considerable savings to vessels and earnings
of foreign exchange.
3. Beneficial for naval defence
4. Increased economic activities like
transportation, fishing and ancillary industries
5. Augmentation of external infrastructure like
road/rail, water & water supply
6. A stable system with least maintenance cost
10. STAKEHOLDER ANALYSIS
1. The SSCP
2. Gulf of mannar & local marine biodiversity
3. Fisher folk families
4. Srilanka
5. Tamil nadu
6. MOFE
7. Vessel operators
11. About gulf of mannar
Some features:
• First marine Biosphere Reserve in South East Asia, a chain of 20 island
• Home to 3,600 rare Species of flora and fauna like fishes, coral reefs, sea horse,
algae, marine plants
• 2nd
highest marine biodiversity on earth
• Assessment not on the basis of USEPA but on a rapidly conducted EIA
• Questions about turbidity, land slides, surface disposal unanswered
• Imbalance in O2- CO2 ratio
• Threat to Adam’s bridge
13. EFFECT ON FISHER FOLKS
• Among the worst affected, more than one million families
devoid of their only source of income
• No concrete rehabilitation and employment plan arrived at
• A meager budget ( 60 cr.approx.)
• The trauma of Orissa, Bhopal and tsunami still to be felt
14. ADVERSE EFFECT ON
SRILANKA
• Extinction of more than 700 fish verities
• EIA Report prepared without any consultation
• More susceptible to future cyclone and tsunamis
• Disastrous effect on marine life, fisheries, virgin beaches in case of
an accident
• India’s secret military and nuclear agenda
• Decreased importance of Colombo port (60% revenue reduction)
15. TAMILNADU…..
• Political parties playing hide and seek
• SSCP may lead to large Influx of unemployment
• Devastating effect on marine ecology and increased risk
of tsunami and cyclone
16. ROLE OF MOFE
1. The EAI is a bunch of false claims
---- green peace
2. EAI a hastily completed report ignoring details
and some times falsifying
3.Major point of misinformation
Sedimentation dynamics
Role of cyclone & landslides ignored
Site identification for disposal
4. EAI not accordance with UN regulations
5. All the stakeholders not involved
17. Mixed fortune for ships
50% of the resultant saving for them on
the fuel and chartering cost is going to go
by way of increased tariff
18. THE YAKSHAPRASHNA
• Whether to go for short term financial gains or long term
ecological balance ?
• Why is the entire process executed under carpets ?
• Why not all the stakeholders were invited to express their
views ?
• Is the EAI report adequate and up to the mark ?
• What is the exact impact on the fragile ecosystem ?
• Should the ecological boundaries be treated the same
way as territorial boundaries ?
• Who will be answerable in case any thing goes awry ?
