THIRUVANANTHAPURAM: Kerala State Industrial Development Corporation (KSIDC) will hold a meeting with the officials of Indian Oil Corporation (IOC) and Cochin Port Trust (CPT) on Wednesday in Kochi to explore the possibility of implementing the LPG import terminal. The Industry Department has appointed KSIDC as the nodal agency for executing the project. The meeting is being held against the backdrop of the allegations that the project is being deliberately delayed by vested interests to help a Namakkal-based lorry lobby. The IOC project, conceived two years ago, was aimed at solving the cooking gas supply and distribution problems in the state. The government has taken the initiative following the high risk involved in the transportation of LPG by bullet trucks from Mangalore. KSIDC will take the initiative to facilitate a memorandum of understanding (MoU) with the IOC and the CPT for providing an interim LPG unloading facility.CPT is awaiting clearance from the Union Government for starting the works of Multi-User Liquid Terminal (MULT) at Puthuvypeen. CPT has short-listed five applicants for the project: Gammon Infrastructure Projects Ltd., Mumbai; IOT Infrastructure & Energy Services Limited, Mumbai; IMC Limited, Chennai; Mundra Port and Special Economic Zone Ltd., Ahmedabad and Bharat Petroleum Corporation Limited, Kochi. The MULT project is to be done through PPP on Design, Build, Finance, Operate and Transfer (DBFOT) basis with a concession period of 30 years. The tentative cost is estimated to be Rs 206.30 crore.
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