The Rs.2,118-crore International Container Transshipment Terminal (ICTT) at Vallarpadam near here will be commissioned in August, the Cochin Port Trust (CPT) said .
Billed as the country's first global hub terminal, the ICTT is in strategic proximity to international sea routes.
"The CPT Board that met today (Tuesday) has taken a decision that ICTT, Vallarpadam, shall be competitive with international transshipment ports in the South/Southeast Asian region, and the vessel related charges shall match the tariff at these ports," the CPT said in a statement.
DP World, formerly Dubai Port International, has developed ICTT. The container berth will be of 1,800m and have a depth of 14.5m.
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