Container Corporation of India (Concor) and Vizhinjam International Seaport signed a non-binding memorandum of understanding to explore the development of a container freight station.
The proposed facility is scheduled to be established in the state of Kerala, positioned within the immediate vicinity of the seaport.
Vizhinjam International Seaport, which is an undertaking of the Government of Kerala, will provide the land for the project on terms that have been mutually agreed upon.
The two entities confirmed they intend to work together on the construction of the station to improve cargo handling efficiencies at the deep-water transshipment hub.
The facilities at the site are expected by the companies to include a customs-bonded area, warehouses, and dedicated yards for container storage and handling. They added that the infrastructure will also feature weighbridges and specific facilities for the management of import and export cargo.
Following the execution of this initial memorandum, the parties are scheduled to enter into a subsequent agreement to define the detailed terms and conditions of their collaboration.
Concor mentioned that the expansion of this logistics infrastructure is designed to align with the requirements of the export and import trade.
