Cochin Shipyard will build a high-capacity dredger with Dutch technology support for Dredging Corporation of India (DCI) for $100-105 million (about Rs 803 crore) in a boost to the government’s ‘Make in India’ plans. The shipbuilding agreement for a trailing suction hopper dredger (TSHDs) having a hopper capacity of 12,000 cu m will be signed between Cochin Shipyard and Dredging Corporation.
Cochin Shipyard will receive an extra 17 per cent on the contract price of the dredger as subsidy from the government per a ‘Shipbuilding Financial Assistance Policy’ approved by the Cabinet in 2016 for a ten-year period. The dredger — christened ‘DCI Dredge Brahmaputra’ — will be constructed with technology and design support from IHC Holland BV.