The port of Cochin is leveraging its strategic location at the cross roads of trade between East and the West to establish the first Container transshipment terminal of India. The terminal will meet the demand of a convenient pivotal point for consolidating and distributing regional cargo. The Project is a PPP venture with IGTPL(DP World) as the BOT partner. The project is located at the Vallarpadam Island in the port limits. As per the condition in the concession agreement the private partner was handed over the existing Rajiv Gandhi Container Terminal of the port trust. With the support of the Government, the port is providing an additional road connectivity of 17.2 kms from the Vallarpadam island to the Kalamassery point on the National Highway 47. A new rail link of 8.86 km from Vallarpadam to the National Rail Grid has been completed. The project area falls within the newly declared Port Based Special economic zone..
The new International Container Transshipment Terminal (ICTT) will be a state-of the art facility with a final capacity of around 3 million TEU. The terminal in its fully developed stage will have a berth length of 1800 m with a permissible draught of 14.5 m for deep-sea vessels. The permissible draught of 14.5 m will allow for vessels of up to 8000+ TEU capacity.
The new terminal will make Cochin a key centre in the shipping world reducing India's dependence on foreign ports to handle transshipment.
The competitive position of the Port of Cochin in the highly competitive market of container transshipment will be significantly increased.
The state-of-the art equipment and operational methods
will maximize space and infrastructure utilization. The construction of ICTT started in May 2007. The terminal will be constructed in 3
phases, the first phase with a capacity of about 1.4 million TEU/year will be operational by June 2010.