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International Container Transshipment Terminal, Kochi

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1104692

International Container Transshipment Terminal, Kochi

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International Container Transshipment Terminal, Kochi

The Kochi International Container Transshipment Terminal (ICTT), locally known as the Vallarpadam Terminal, is the first transshipment terminal in India and the first container terminal to operate in a SEZ.The terminal is operated by the Dubai Ports World (DPW), which will operate it for 30 years after which the control will come back to the Cochin Port Trust.

Being constructed in three stages, the first phase of the terminal was commissioned on 11 February 2011 with a capacity to handle cargo up to one million TEUs (twenty-foot equivalent units) per annum. In late 2023, DP World added new cranes, e-RTGs and expanded yard space, boosting the total capacity to 1.4 million TEUs per year. On completion of the third phase, the terminal will be able to handle 5.5 million Twenty-foot equivalent units (TEUs) of cargo per annum.

Container Transshipment Terminal, Kochi first came to the mind of Dr. Babu Paul IAS, He proposed this project to K Karunakaran but the central government was not interested in this project. On 16 February 2005, Dubai Ports World announced that it has signed an agreement with the Cochin Port Trust (CoPT) to construct, develop and operate an International Container Transshipment Terminal (ICTT) – An India Gateway Terminal – at Vallarpadam.

The project was, formally, launched with the laying of the foundation stone by Manmohan Singh, the Prime Minister of India.[when?] Approval for the agreement was given by the Cabinet Committee of Economic Affairs of the Government of India, Ministry of Finance and meanwhile, the DP World will manage and subsequently transfer its operations at the Rajiv Gandhi Container Terminal in Cochin Port to the new terminal upon its completion. The DP World has been granted a 38-year concession for the exclusive operation and management of the site.

Vallarpadam Terminal is the first in the country to operate in a special economic zone.

The total cost of the project is estimated at 3200 crore.

DP World has estimated that the total initial investment required will be approximately US$20 million which includes the immediate provision of four RTGs and two Mobile Harbour Cranes to the Terminal -to improve yard handling, truck turnaround time and quayside operations.

There is a railway connection between Vallarpadam terminal and Edappally Railway station on the strategic Shoranur-Ernamkulam railway line .

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