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Modern Coal Terminal Soon at Cochin Port

<p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Gujarat-headquartered Adani Group will set up an eco-friendly and modern coal terminal at the Cochin Port here. The Union Ministry of Shipping has cleared the tender submitted by the company. &ldquo;The Adani Group was the only bidder which responded to the tender invited in November 2013. It was forwarded to the Ministry of Shipping for approval,&rdquo; said a top official of the Cochin Port Trust (CPT).</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The successful bidder will run the terminal for a period of 30 years. The estimated cost of the project is `198 crore. The CPT is offering 14 acres of land for the project and a 300-metre-long berth. The new terminal, being developed on a Build-Operate-Transfer basis, will cater to the steel and cement industries in Kerala and neighbouring states. Once the modern terminal starts functioning, coal will be handled in a covered facility.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The terminal, which located at the port&rsquo;s existing north coal berth and south coal berth on the Mattanchery Wharf side will have the capacity to handle 4.23 metric tonnes per annum. It will combine together the&nbsp; North and South coal berths. Currently, the port handles about 1,000 tonnes of coal on an average per year.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The terminal is being developed on the basis of an earlier proposal that the coal handling facilities at Cochin Port Trust may be augmented because it is a major port on the African route.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Source-On Request</span></span></span></p>