Friday, February 22, 2019
News
  News Updated on Friday, February 22, 2019 2:34:53 AM
India Asia World Sports Business Sci-Tec Health Entertainment Bollywood Video Press Releases Features City News
 
NEWS HOME
INDIA

CCEA sanctions capital dredging for Vallarpadam project
Kochi | Thursday, Nov 6 2008 IST
 
   COMMENTS   Print this Page   PRINT   SocialTwist Tell-a-Friend  
   
 


 

The total investment by the Centre in the upcoming International Container Transhipment Terminal (ICTT) at Vallarpadam near here will increase to Rs 1184 crore with the Union Cabinet Committee on Economic Affairs giving its approval for the capital dredging.

A press release from Cochin Port Trust (CPT) said here the work will provide draft of 14.5 metre at an estimated cost of Rs 381.25 crore. Out of this amount, a sum of Rs 297.42 crore would be Government of India grants-in-aid and the balance Rs 83.83 crore would be given as loan.

It may be recalled that last year the Centre had sanctioned Rs 557 crore for the construction of a four-lane Highway to connect Vallarpadam island with NH 47 and another Rs 246 crore to construct rail connectivity for Vallarpadam. The construction of the 17.5 km long road connectivity and 8.5 km long rail connectivity projects were progressing at full swing.

The Vallarpadam project is concicved to service 'mother ships' of 8000 + TEU capacity requiring a draft of 14.5 meters and as per the agreement with Dubai Ports World, the CPT has to widen and deepen the channels to enable mother ships of 14.5 metres draft, the release added. The infrastructure projects for Vallarpadam like road and rail connectivity and deepening of the channels would also support other important projects like the SEZ, LNG Terminal, Bunkering Terminal and LPG Terminal. Prime Minister Manmohan Singh had laid the foundation stone for the prestigious Rs 2118 crore project in February 2005, it may be recalled.

-- (UNI) -- 06MS48.xml

 

Watch News Videos

 

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
'Saudi Arabia recognises India's positio...
Time will come when people's sentiments ...
Famers call off stir after assurance by ...
Two companies, one platoon of PAC, 168 p...
Swine flu claims 2 lives in Rajasthan, d...
Over 6 lakh saved by beggar donated to f...
More...    
 
 Top Stories
US-China trade talks resume in Wash... 
Over 6 lakh saved by beggar donated... 
Famers call off stir after assuranc... 
I'm crazy about my wife: Mark Consu... 
'Saudi Arabia recognises India's po... 
Two companies, one platoon of PAC, ... 
Fashion designers, actors celebrate... 
IOC scraps Olympic quotas from Delh...