| Vizhinjam International Deepwater Multipurpose Seaport |
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|---|---|
| Location | |
| Country | India |
| Location | Vizhinjam, Thiruvananthapuram, Kerala |
| Coordinates |
Vizhinjam
Vizhinjam (India)
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| Details | |
| Operated by | Vizhinjam International Seaport Ltd |
| Owned by | Government of Kerala |
| Statistics | |
| Website | http://www.vizhinjamport.co.in/ |
Vizhinjam International Seaport is an International deepwater multi-Purpose Shipping Hub coming up at Thiruvananthapuram in the Indian state of Kerala.[1] The total project expenditure is pegged at 6595 crores over three phases and is proposed to follow the landlord port model with a view to catering to passenger, container and other clean cargo.
Vizhinjam International Seaport Limited (VISL) is a special purpose government company (fully owned by Government of Kerala) that would act as a implementing agency for the development of a greenfield port - Vizhimjam International Deepwater Multi purpose Seaport- at Vizhinjam in Thiruvananthapuram, capital city of Kerala.
The International Finance Corporation (IFC), a member of the World Bank Group is the transaction advisor to VISL.
IFC has commissioned a team of high quality consultants for the implementation of the project.
• State-of-the-art technical design and environmental and social study by Royal Haskoning.
• Investment quality market study by Drewry Shipping Consultants.
• International legal team of Allen & Overy (Singapore) and Trilegal (India).
Contents |
The port development is proposed to follow the landlord port model where the dredging, reclamation as well as basic external infrastructure work like construction of break-water and quay wall will be taken up by VISL. Further, it is also expected to monitor Land Acquisition, road/rail infrastructure, water and power supply required for the construction and operations of the port on behalf of Government of Kerala (GoK).
The port terminal will be developed under Public Private Partnership(PPP) model wherein the construction and operation of the port terminal would be on Build, Operate and Transfer (BOT) basis. The port development along with the external infrastructure work is envisaged to be carried out in phases with the cumulative cost estimated to be around Rs. 6595 crore. The port is envisaged to provide in total 2000m of quay length in three phases and is designed to cater primarily for containers transshipment, besides providing for other type of cargo such as Multi-Purpose, Break Bulk.
The construction of basic civil infrastructure viz. dredging, land reclamation, construction of breakwaters and quay wall, as also land acquisition, road/rail connectivity and other external infrastructure required in phase 1 and the cost for the same is estimated to be Rs. 3040 crore. The said project cost is proposed to be funded through Rs. 1130 cr as equity from GoK and balance amount is proposed to be raised as debt through loans from banks/ institutions and through bonds.
During the last decade, there has been a steady growth of container traffic at the Indian ports. Currently, the majority of these ports rely on direct services or use far off ports for their transshipment needs. This necessitates the establishment of an International Deepwater Seaport and Container Transshipment Terminal in the Southern Indian Peninsula.
The port is proposed at Vizhinjam, 16 km away from Thiruvananthapuram, capital of State of Kerala. Kerala being the southern most state in India beset by Arabian Sea. The proposed Vizhinjam port is just 10 nautical miles from the International Shipping Lane. The Vizhinjam port is endowed with a natural seawater depth of up to 24 m as close as one nautical mile from the seacoast. Due to this natural depth, Vizhinjam can attract the largest container vessels currently in operation and also the future mega container carriers. Site needs minimal capital dredging thus the project cost and maintenance cost will be minimum.
Proposed project plan for International Container Transshipment Terminal.
| Phase | Berth Length (Meters) | Capacity (Million TEUs) | Project Cost ( Billion) |
|---|---|---|---|
| Phase-I | 1245 | 1.8 | 23.9 |
| Phase-II | 1900 | 3.0 | 11.0 |
| Phase-III | 2860 | 5.3 | 18.6 |
| Total | 53.5 |
Note: The above estimates are subject to revision ,in consultation with successful project partners.
| Nearest | Name | Distance |
|---|---|---|
| Airport | Trivandrum International Airport | 22 km |
| Railway station | Trivandrum Central | 16 km |
| City | Thiruvananthapuram (Trivandrum) | 14 km |
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