Kochi Port betting on upcoming projects

The ailing Cochin Port Trust is pinning big hopes on upcoming projects to increase cargo throughput as well as revenue. Allaying fears of a bleak future, the Port Trust Chairman, Paul Antony, said that ´the temporary difficulties will be over in the next two years´. According to him, the completion of the Integrated Refinery Expansion Project (IREP) of BPCL-KR will attract additional 8 million tonnes of cargo, thereby fetching a revenue of Rs 70 cr.Similarly, the new 4.5 million tonne capacity Multi -Utility Liquid Terminal by Indian Oil Corporation and the commissioning of cement handling or bagging facilities by Malabar Cements, Zuari and the project of HPCL are expected to generate both cargo traffic and revenue.