The Rs. 2,118 crore (US$442 million) ICTT
(International Container Transshipment Terminal,
Vallarpadam), India's first global hub terminal, is
cleared by the Centre in August 2004, is all set to
alter the development map of Kerala, by ushering in
huge investment in the coming years.
The ICTT project is set to launch a series of ventures
including the Rs 1,600-crore LNG terminal, the
port-based Special Economic Zone (Rs 1,510-crore),
International Ship Repair complex (Rs 315-crore), SBM
(single buoy moorings) for Kochi Refineries Ltd (Rs
720-crore), Petro chemical complex for Gas
Authority of India (Rs 7,000-crore), International
bunkering terminal, Bulk cargo terminals, Cruise ship
terminals, International Marina etc.