ICTT's construction work begins
The Rs 2000-crore International Container Transhipment Terminal's (ICTT) construction work started at the project site at nearby Vallarpadam Island with 'Bhoomi Puja' signifying the occasion.
By PTI |
KOCHI: The Rs 2000-crore International Container Transhipment Terminal's (ICTT) construction work started at the project site at nearby Vallarpadam Island with 'Bhoomi Puja' signifying the occasion.
The foundation stone of the project was laid by Prime Minister, Manmohan Singh in February 2005.
The first phase of the terminal, being built by the India Gateway Terminal Ltd (IGTL), which is part of the Dubai Ports World, is likely to be completed within 24 months, Port sources said.
Once the project is completed, the terminal would be able to handle about 2 million containers a year.
IGTL officials said the project will be completed as per schedule and the rail and road infrastructure also will be in place by then.
When completed, Kochi will join major ports like Colombo, Singapore and Salalah and Indian exporters can look at substantial saving in transhipment cost.
The foundation stone of the project was laid by Prime Minister, Manmohan Singh in February 2005.
The first phase of the terminal, being built by the India Gateway Terminal Ltd (IGTL), which is part of the Dubai Ports World, is likely to be completed within 24 months, Port sources said.
Once the project is completed, the terminal would be able to handle about 2 million containers a year.
IGTL officials said the project will be completed as per schedule and the rail and road infrastructure also will be in place by then.
When completed, Kochi will join major ports like Colombo, Singapore and Salalah and Indian exporters can look at substantial saving in transhipment cost.
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