India to construct storage terminal at Kochi

India’s Cochin Port Trust plans to invite companies to construct a 100,000-metric ton bunker storage terminal as part of its Rs 1.84 billion (US$39.83 million) infrastructure project in the special economic zone of Puthuvypeen at Kochi port. The tender, which will be for a tank farm which includes the bunker storage terminal, will be issued by the end of the year. The tank farm, which is estimated to be completed in the second half of 2011, is expected to store 2 million metric tons per year of crude oil and other petroleum products including bunker and LPG in Phase 1. The liquid bulk storage and handling capacity will be expanded to 4.5 million metric tons per year, according to information on the Cochin Port Trust web site. (October 13, 2009)