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 Mode | Largest private investment in Kerala |
| Operational quay length as of now | 600 meters |
| Planned container yard slots | 7,500 |
| Projected Traffic in Ph One | 1.5 million TEUs per annum |
| Total investment by 2028-29 | Rs 20,000 crore |
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.
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!
