Dredging is going to be dearer for the Cochin Port Trust with the annual cost now pegged at Rs 89 crore. Earlier the dredging used to cost less than ten crore and now it has increased ten-fold.
The Cochin Port Trust has been burdened by dredging activities as a large amount is spent annually for this, according to Cochin Port Staff Association working president P M Mohammed Haneef. The larger impact of dredging on the Port was highlighted at a seminar in Kochi last week that witnessed discussion on the past, present and future of the Port.
The annual dredging cost at the Cochin Port Trust is considered to be much higher than in other ports. The International Transhipment Terminal is said to have further increased the burden of dredging. Some of the speakers at the seminar said that it was cost for dredging that was a major burden for the development of Cochin Port Trust.
One of the suggestions put forth was that the dredged sand could be used to build another island just like the Willingdon Island that could be used by the Port Trust to generate revenue. The seminar was conducted as part of installing a restored anchor outside the Merchant Navy Club in Willingdon Island.