Cochin Port Unveils Two Mega Projects

Business & Finance

Cochin Port

Cochin Port, an all-weather natural Port located strategically close to the busiest international sea routes, has presented the “Outer Harbor Project”.

Conceptual studies through IIT, Madras and CWPRS, Pune show that the development of an Outer Harbor is technically feasible. Cochin Port had prepared a Feasibility Report for the Outer Harbor project through the Consultants M/s.i-maritime Consultancy Pvt. Ltd., Navi Mumbai, as per their report, the Outer Harbor project is technically and financially feasible.

The feasibility report has proposed that two breakwaters on both sides of the approach channel can be constructed, and that would be possible to reclaim about 2600 acres of land inside the northern breakwater and about 650 acres inside the southern breakwater. The Outer Harbor Project is aimed at reducing the siltation in the inner harbor and thereby to reduce the heavy dredging expenses.

Also, Cochin Port Trust revealed another project, the “Free Trade Warehousing Zone”, which can be established in the reclaimed region of the Outer Harbor. A Port based Free Trade Zone will be particularly helpful in the Outer Harbor as Kerala have highest skilled work force with exposure in various heavy, medium industries.

Further details of both these projects are available on the CPT official website.

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September 2, 2014