Kochi, Nov 22 (UNI) DP World Cochin today awarded a 150 million dollar civil construction contract for the first phase of the International Container Transshipment Terminal (ICTT) to Simplex Consortuim.
Simplex Consortium, a listed civil engineering and construction company, is expected to start the work by next month and the maximum period for the construction was 24 months, according to an official statement.
The frist phase of development involves building of 600 m of quay, an on-dock railhead serviced by rail-mounted gantry cranes, 30 hectare of yard and the acquisition of six Super Post Panamax cranes.
Simplex Infrastructure Director Amitabh Mundhra said, ''we are honoured to be part of the DP World Team on the project and fully committed to delivering the pretigious terminal to the highest international quality standards.'' DP World Cochin has the mandate to build ICTT and operate it for 30 years.