Cargo items, cryogenic warehouses likely to come up on leased port land
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A dry cargo dealing with, storage and allied services; a cryogenic warehousing facility utilising chilly vitality generated on the LNG terminal; and hospitality services are among the many companies being anticipated by the Cochin Port Trust on the port property being leased out on each long-term and short-term foundation.
The port will lease out 4.39 acre on Willingdon Island for dry cargo dealing with and storage. The services that want to be set up embrace terminals for dealing with bulk cement and bagging crops.
The port belief can even lease out three acres on the Puthuvypeen particular financial zone for setting up a cryogenic warehousing for utilising chilly vitality from the LNG terminal being operated by Petronet LNG Limited.
Four plots measuring 6.78 acre on Willingdon Island, which comprise a bit of land close to the Harbour Terminus railway station the place the now-demolished port quarters stood, suited to port-related industrial actions, hospitality trade and warehousing are additionally being leased out. Another acre of land shut to the Harbour Terminus, which earlier housed the Indian Maritime University campus, can be being leased out for port-related actions.
Another 11.5 acre on the Vallarpadam island, north of the International Container Transshipment Terminal, is being leased out for warehousing, storage, processing and value-addition. A lorry parking facility can be anticipated on the parcel of land.
Non-port-related actions
The port authority additionally expects bids for about 45 cents alongside National Highway 966 B close to the brand new Mattancherry bridge junction on Willingdon Island for industrial and non-port-related actions that embrace eating places, outlets, workshops and repair centres.
₹683 cr. working revenue
Despite the slowdown to delivery enterprise throughout the globe due to the COVID-19 pandemic, the Cochin Port Trust recorded an working revenue of ₹683 crore throughout 2020-21 in opposition to ₹649 crore through the earlier 12 months. The enhance is a bit more than 5% 12 months to 12 months. Despite the slight fall in cargo throughput, the earnings from cargo-related costs noticed a marginal enhance of about 5%.
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