Cochin Shipyard has inked shipbuilding contract with Inland Water Authority of India (IWAI).
The pact is for Design, Construction and Supply of Ten Ro-Ro Vessels. The total contract value is Rs 102.6 crore plus taxes.
These vessels which are capable of carrying Trucks, vehicles etc. and with sitting passengers will be deployed in various strategic locations in National Water Ways 1, 2 and 3.
The vessels are conceptualized and fully designed by CSL. They are built to standards under the rules of Indian Register of Shipping. All the ten vessels will be delivered within a contractual period of 18 months.
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