Moneycontrol PRO
HomeNewsBusinessVizhinjam port's first phase to be fully ready before schedule, says Karan Adani

Vizhinjam port's first phase to be fully ready before schedule, says Karan Adani

All four phases are expected to be completed by 2028-29, by when Kerala Government and Adani Port will have invested a total of Rs 20,000 crore in the PPP project.

July 12, 2024 / 14:11 IST
Karan Adani added that the port is confident of handling a traffic of 1.5 million TEUs per annum in Phase 1 which is 50 percent higher than what was initially expected.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Adani Port along with Kerala government plan to invest Rs 20,000 crore in the Vizhinjam transshipment container port and expect to complete the Phase 1 of development ahead of schedule.

    "Although we are expected to complete Phase 1 in December this year, I am delighted to announce that we will complete the first phase much before that," Karan Adani, Managing Director of Adani Ports said while formally announcing the arrival of the first mother ship at the port.

    First mothership docks at Adani Group's Vizhinjam port. See pics

    All four phases are expected to be completed by 2028-29, by when Kerala Government and Adani Port will have invested a total of Rs 20,000 crore in the PPP project.

    The funds will enhance the length of the existing berth, presently at 600 meters, and also to add slots to accept cargo.

    Karan Adani added that the port is confident of handling a traffic of 1.5 million TEUs per annum in Phase 1 which is 50 percent higher than what was initally expected. The post boasts of having South Asia’s most advanced container handling technology, something not present even at Mundra Port, claims the company.

    Key Features of the Vizhinjam International Seaport

    PPP ModeLargest private investment in Kerala
    Operational quay length as of now600 meters
    Planned container yard slots7,500
    Projected Traffic in Ph One1.5 million TEUs per annum
    Total investment by 2028-29Rs 20,000 crore
    Adani Port also plans to add a modern fishing harbour, seafood park, cruise tourism facilities and an industrial corridor around the port in subsequent expansions. "We have already created over 2,000 direct and indirect jobs in construction, operations and other segments – and, now, with these wide-ranging developments, we will create more than 5,500 additional direct and indirect employment opportunities right here in Vizhinjam," Karan Adani said.

    What is Transshipment
    Transshipment is a way to move containers from one vessel or a mode of transportation to another, during their journey to the eventual destination. The goods may get unloaded at a transshipment hub and then reloaded onto a different vessel or another mode of transportation.

    Adani Port is looking to attract big container lines such as MSC Mediterranean, AP Moller-Maersk and Hapag-Lloyd to call in at the port.

    So far, 75 percent of India’s transshipped cargo was being handled by ports outside India.

    Moneycontrol News
    first published: Jul 12, 2024 02:11 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347