Vallarpadam ICTT to be commissioned in August

May 25th, 2010 - 9:26 pm ICT by IANS  

Kochi, May 25 (IANS) The Rs.2,118-crore International Container Transshipment Terminal (ICTT) at Vallarpadam near here will be commissioned in August, the Cochin Port Trust (CPT) said Tuesday.
Billed as the country’s first global hub terminal, the ICTT is in strategic proximity to international sea routes.

“The CPT Board that met today (Tuesday) has taken a decision that ICTT, Vallarpadam, shall be competitive with international transshipment ports in the South/Southeast Asian region, and the vessel related charges shall match the tariff at these ports,” the CPT said in a statement.

DP World, formerly Dubai Port International, has developed ICTT. The container berth will be of 1,800m and have a depth of 14.5m.

ICTT is expected to alter the development map of Kerala through huge investment in the coming years.

It is set to launch a series of ventures, including an LNG terminal (Rs.1,600-crore), a port-based special economic zone (Rs.1,510 crore), a ship repair complex (Rs.315 crore), SBM (single buoy moorings) for Kochi Refineries Ltd (Rs. 720 crore) and a petrochemical complex for Gas Authority of India (Rs.7,000 crore).

A 4.62-km rail bridge, the longest in the country, connecting ICTT with the main land at Edapally has been completed.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe