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Cochin port to lease drydock, slipway on 30-year EOT

Cochin port to lease drydock, slipway on 30-year EOT

Mumbai: The Cochin Port Trust (CoPT) plans to lease out its drydock and slipway on a 30-year equip, operate, transfer (EOT) lease, to make the facilities commercially viable.
The same process is being planned for the Rajiv Gandhi Container Terminal, which will lose its importance once the DP World operated International Container Transhipment Terminal (ICTT) becomes operational at Vallarpadam Island later this year.
Vessels with a length of 66 metres, draft of four metres and 450 tonne dw/t can be accommodated in the drydock.
As per the terms and conditions of the EOT agreement, the operator would need to be a shipbuilding/shiprepair firm registered with the Directorate-General of Shipping and have an annual turnover of not less than Rs350 million ($7.7 million).  [25/03/10]

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