CPT chairman raises LNG terminal issue with CM

KOCHI: Cochin Port Trust chairman G Senthilvel called on the Kerala CM at his office in Thiruvananthapuram on June 10 with a request to resolve the pipeline issue for the LNG terminal as the terminal constructed at cost of Rs 4000 crore is operating only at 8% capacity and the under utilization is affecting the Cochin Port Trust’s revenues.
With the pipeline connectivity to Mangalore (via Thrissur, Malappuram) and Bangalore (via Palakkad), the Cochin Port will earn additional Rs.100 crore which will make the Port come out of its losses and will make profit.The state government will also earn revenue through VAT. He also apprised the various ongoing and proposed projects in the Cochin Port, especially the development aspects and issues relating to Vallarpadam International Container Transshipment Terminal (ICTT).
The CM assured the support of the state government to resolve the pipeline issues of the LNG terminal as it is one of their priority. The CPT team also met the
Finance Minister Thomas Issac, who has assured support to remove the road blocks to ensure the tempo and growth of the Port development. Issues related to environmental clearances relating to various projects were apprised by the CPT team to the chief secretary, who has promised to look into it shortly.