FROM VALLARAPADAM.COM

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.