A year ago there were expectations that container movement would be revolutionised with the country’s first ICTT at Vallarpadam and Kochi would become the hub of shipping activities. But things are just like before. DC looks at what plagues the terminal.
It is a year now since the country’s first ever international container transshipment terminal went on stream at Vallarpadam. Around Rs 3,500 crore has been invested in the project that is yet to make any substantial revenue.
Massive container-laden ships were supposed to use the terminal, but that has not happened. Growth in container traffic between February 2011, when the terminal was commissioned, and January 2012, was a mere five per cent.
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