The Hindu Business Line : Vallarpadam project: DPI holds talks with Kochi port

A HIGH-LEVEL delegation from Dubai Ports International (DPI) has held discussions with the Kochi port authorities on technical as well as legal matters with regard to the setting up of the Rs 2,000-crore international container transhipment terminal project at Vallarpadam.

The DPI team led by its Managing Director, Mr Mohammed Sharaf, had handed over a bank guarantee of Rs 10 crore to the port for the delay in handing over the agreement document, port officials said. The officials said DPI would take over the existing Rajiv Gandhi Container Terminal by March-end and the port operations of the ICTT will be fully shifted within four years.

Meanwhile, the port has postponed the date of the foundation stone laying ceremony from February 7 to third week of this month. The Prime Minister, Dr Manmohan Singh, who is expected to visit the State in the third week of February will lay the stone. The date for the ceremony has been tentatively fixed at February 17, the officials said.

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