The Hindu : Business : Cochin Port Trust on an expansion mode

Online edition of India's National Newspaper
Tuesday, Sep 05, 2006

Business

Business

Cochin Port Trust on an expansion mode

Staff Reporter

Draws up perspective plan to cater to business demands

KOCHI: The Cochin Port Trust (CPT) is drawing up a perspective plan to make optimum use of 300 acres of its land on Willingdon Island.

The land is at the south end of the port premises.

The plans will meet the growing business demand.

According to the CPT chairman N. Ramachandran the plan, which is in the preliminary stage, aims at decongesting the port area and providing sufficient space for storage and port activities.

The plan will help evolve a strategy for the expansion and diversification activities currently under way.

The port is drawing up the plan with development prospects for the next 50 to 100 years.

The CPT plans to create a business district to cater to the demands for more space to construct godowns, storage facilities and warehouses on a BOT (build-operate-transfer) basis.

A consultant will be appointed to put together the plan. Efforts are on to produce a blueprint of the port's requirements.

The plan includes redesigning of the roads on the Willingdon Island to allow smooth flow of container lorries and relocation of several port activities.

After the southern end of the island is developed, the leaseholders operating out of the north end of the island will be asked to shift to the new space.

Subsequently, the new space available on north end can be used to expand wharves, including bonded areas.

It will help the CPT differentiate cargo storage patterns and divide them into tank farms areas, liquid cargo storage areas and general cargo.

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