Cabinet approves construction of new dry dock at Cochin shipyard

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the construction of a new dry dock within the existing premises of Cochin Shipyard Limited (CSL). The project is estimated to cost Rs 17.99 billion and will be funded by CSL’s internal and extrabudgetary resources. The objective of building the new dry dock is to augment the shipbuilding and ship repair capacity in the country, which is required to tap the market potential for building specialised and technologically-advanced larger vessels. The new dock will be 320 metres long and will consist of one goliath crane of 400 tonne capacity, as well as mechanical, electrical and service facilities for the operation of the dock.