The prestigious International Container Trans-shipment Terminal (ICTT) project, Vallarpadam was dedicated to the Nation today by Dr. Manmohan Singh, Prime Minister of India at Cochin. The project is a major milestone achieved in maritime sector in the development of the country’s logistics infrastructure.
The ICTT, Vallarpadam is India’s first dedicated International Container Transshipment Terminal developed by Cochin Port Trust and M/s India Gateway Terminal Pvt Ltd (IGT), a subsidiary of M/s Dubai Port World (DPW) through a Public Private Partnership on Build Operate and Transfer (BOT) basis. The ICTT has been developed with facilities for handling mother container ships of 8000 plus TEUs capacities and is a State-of-the-art terminal with modern cargo handling equipments and related super-structures to have an annual throughput of 3 million TEUs.
The BOT operator has completed the construction of phase-I A of the Terminal with an investment of approximately Rs.1600 crores. The first phase has a quay length of 600 mtrs with a handling capacity of 1 million TEUs. This will be increased to 1800 mtrs in the final phase.
With the commissioning of this project, India will be filling the existing gap by entering the global hub of port arena with its own world class facilities providing interface for the large vessels and the feeders. This project reduces our dependence on foreign ports for transshipment of India’s export-import containers.
At the function to inaugurate the ICTT Shri G.K. Vasan, Minister of Shipping delivered the Welcome Address.
Union Ministers, Minister of Foreign Trade, United Arab Emirates and the Governor and the Chief Minister of Kerala participated in the function.
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