Vallarpadam Container Terminal Ready
Vallarpadam Container Terminal near Kochi is ready to operate.It was built by Dubai Port World India under BOT policy.
Kochi has been in the focus of world attention through a number of projects in recent days. The important among them were Kochi Smart City Project and Vallarpadam Container Transshipment Terminal near Kochi. The Vallarpadam Container Transshipment Terminal is now ready for inauguration. Prime Minister Mr.Manmohan Singh will submit Vallarpadam Container Transshipment Terminal to the nation on February 11 , 2011. It was also Mr.Manmohan who put the foundation stone to the Vallarpadam Container Transshipment Terminal project early on 16th February 2005 during first UPA ministry in force.What is Vallarpadam Container Transshipment Terminal?
Even many Keralites are unaware of the Vallarpadam Container Transshipment Terminal. Vallarpadam Container Transshipment Terminal has a number of peculiarities. Vallarpadam Container Transshipment Terminal is the first Container Transshipment Terminal of India. Vallarpadam Container Transshipment Terminal is constructed with private co-operation which is a new successful method followed by Kerala Government . Vallarpadam Container Transshipment Terminal was constructed under the policy Build , Operate & Transfer (BOT Policy).
Vallarpadam Container Transshipment Terminal was realized by the foreign company named Dubai Port World India. The Kochi Port Trust supervised the works of Vallarpadam Container Transshipment Terminal project. The Dubai Port World India invested about 1600 crore rupees for the first phase of Vallarpadam Container Transshipment Terminal project. An equal amount was invested by central government to develop road and rail transportation facilities to Vallarpadam Container Transshipment Terminal. As per BOT policy the Vallarpadam Container Transshipment Terminal will be operated by Dubai Port World India for 30 years. One third of total revenue will be given to Kochi Port Trust. All the expenses of Vallarpadam Container Transshipment Terminal is to be met by Dubai Port World India from the remaining revenue.Importance of Vallarpadam Container Transshipment Terminal
So far only small ships were anchored in Indian ports. The mother ships are anchored at big ports like Dubai, Singapore and Columbo. So containers were transported to this mother ships using small ships. This was an additional expense. Also about one week was the time lag for this transshipment process. Vallarpadam Container Transshipment Terminal is a solution to all these problems.
Through Vallarpadam Container Transshipment Terminal project a number of job opportunities are also will be created. A Special Economic Zone (SEZ) will be introduced as part of Vallarpadam Container Transshipment Terminal Project. So many associated job opportunities will be created through this also. In short the Vallarpadam Container Transshipment Terminal Project will be a boost to Kochi and Kerala in all respects.
Job oriented