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ICTT project on BOT basis

By Our Special Correspondent

KOCHI, FEB. 16. Dubai Ports International, through its subsidiary, India Gateway Terminal Private Ltd., is constructing the Rs. 2,118-crore transhipment terminal on Vallarpadam Island on a 30-year build-own-transfer (BOT) arrangement. The terminal is conceived as India's first container transhipment hub on the lines of Colombo and Singapore.

The promoter company would take over the Rajiv Gandhi Container Terminal from Kochi port's container shipping facility in March before starting the project work at Vallarpadam.

The terminal is part of a Rs. 7,500-crore integrated development plan drawn up by the Cochin Port Trust that includes a port-based special economic zone, the first of its kind in India. The big projects lined up for Kochi are the regasification terminal, the Rs.1,510-crore special economic zone, the Rs.315-crore ship repair facility, the Rs.720-crore single buoy mooring facility for crude oil transfer and the Rs.55-crore world-class cruise terminal.

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