Terminal operator DP World on Monday broke ground for its proposed Vallarpadam International Container Transshipment Terminal project at India's Port of Cochin.
The company earlier awarded a $150-million contract for the first phase of construction to Simplex Infrastructures Ltd., a leading domestic engineering and construction firm.
The initial phase, estimated to cost $500 million, includes a 600-meter quay, on-dock rail head serviced by rail-mounted gantry cranes, 30-hectare container yard, and the acquisition of six super post-Panamax cranes.
Work on the project is expected to be completed by April, 2009 and will have annual capacity of 1 million TEUs, compared to 250,000 TEUs at the existing terminal managed by the Dubai operator.
Meanwhile, under directives from the ministry of shipping, the port authority has formed a committee, comprising representatives of the port, terminal operator and labor unions, in an effort to find a solution to frequent labor unrest at the southern port. The committee is expected to submit its report in two weeks.
Cochin handled 226,808 TEUs in fiscal 2006-07, up 12 percent from 203,112 TEUs in 2006-05.