Indian PM set to open India’s first transhipment hub

The opening of India's first transhipment hub at Kochi today by Prime Minister Manmohan Singh is set to shake up regional container trades.
"This will save cost and time substantially in transportation of containers related to export and import, as the entire business India had to conduct at Colombo hub, would now take place here," said secretary, ministry of shipping, K Mohandas.


The hub at Kochi is a public private partnership (PPP) project, in which the private promoter Dubai-based DP World has invested Rs 1,200 crore in the first phase and the government Rs 1551.4 crore for building road, rail and dredging. In the second phase, DP World will invest another Rs 2,118 crore.


Once the Kochi hub gets operational, it will handle 1m teu per year in
(Source:http://www.seatrade-asia.com)