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Top officials of the Cochin Port Trust met Kerala Chief Minister Pinarayi Vijayan and sought his intervention to resolve issues related to land acquisition for completing the multi-crore natural gas pipeline project in the state. Noting that a failure to do so may put the loss-making Cochin Port in deep stress, the Chairman of the port, G Senthilvel said the time-bound completion of pipeline project will help the Port come out of its losses.
“Senthilvel has requested the Chief Minister to resolve the pipeline issue for the LNG terminal as the terminal constructed at cost of Rs 4,000 crore is operating only at 8 per cent capacity and the under utilisation is affecting the Cochin Port Trust’s revenues,” a Cochin Port Trust said in a release.
“With the pipeline connectivity to Mangalore (via Thrissur, Malappuram) and Bangalore (via Palakkad), the port will earn an additional Rs 100 crore which will make it come out of its losses and will make profit,” it said.
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