Cargo units, cryogenic warehouses likely to come up on leased port land

Cochin Port Trust to lease land on long-term, short-term basis

A dry cargo handling, storage and allied facilities; a cryogenic warehousing facility utilising cold energy generated at the LNG terminal; and hospitality facilities are among the businesses being expected by the Cochin Port Trust on the port property being leased out on both long-term and short-term basis. The port will lease out 4.39 acre on Willingdon Island for dry cargo handling and storage. The facilities that need to be set up include terminals for handling bulk cement and bagging plants. The port trust will also lease out three acres on the Puthuvypeen special economic zone for setting up a cryogenic warehousing for utilising cold energy from the LNG terminal being operated by Petronet LNG Limited.