`Limited tender' for Kochi port terminal planned

SINGAPORE, JAN. 31. The Shipping Minister, Ved Prakash Goel, said today that five-six companies had been identified to participate in a ``limited tender'' for building the Vallarpadam Trans- shipment Container Terminal just off the port of Kochi.

Mr. Goel, who visited several leading shipping companies during a visit to Malaysia and Singapore, also held talks with his counterparts in both countries.

Talking to The Hindu, Mr. Goel said that his visits were exploratory ones to invite foreign investment in the shipping sector.

He said the limited tender for the Vallarpadam Container Terminal, which is estimated to cost $500 millions, would be issued in the next two months. The project will be on a build, operate and transfer basis over 30 years.

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