Adani Group to sign concession for $1.2bn Vizhinjam port in August

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Adani Group to sign concession for $1.2bn Vizhinjam port in August

Adani Ports and SEZ has plans to sign next month the Vizhinjam International Deepwater Seaport (VISL) container terminal PPP project in India.

Adani Ports and SEZ, which had been the only bidder for the project, has also announced plans to begin construction works in November this year.

The port, which has a natural depth of 24 metres, is expected to be one of the largest ports in the world. It is envisaged to provide a total of 2000 m of quay length in three phases. The project involves the development of a container transshipment terminal with a capacity to load 600,000 twenty foot equivalent units (TEUs) a year initially, which can be scaled up to 1.8 million TEUs as per demand.

Once the three phases project is completed the port will add a total capacity of 5.3 million TEUs.

The project would be developed on a design, build, finance, operate and transfer (DBFOT) basis. It would have a contract period of 40 years which could be extended by another 20 years.

First phase of the project would cost about Rs75.25 billion (US$1,183 million).

Vizhinjam is a locality of Thiruvananthapuram city in the state of Kerala located on the Southern tip of the sub-continent. Vizhinjam is a natural port located close to the Persian Gulf-Malacca shipping lanes, an international ship route which carry almost a third of the world shipping traffic.

Gautam Adani, chairman of Adani Ports and SEZ commented:

"We are very happy to be a part of this prestigious project.  It is a strategic location, being very close to the international shipping route and has the potential to become the biggest transhipment hub in the region."

List of country news

Country news

  • July 30, 2015

    IL&FS Transportation Networks awarded road PPP project in India

    IL&FS Transportation Networks Ltd has won the tender process for the Amravati-Chikhli road PPP project in Maharashtra, India. Read more
  • August 10, 2015

    IRB Infrastructure closes $219M project financing for road PPP project in India

    IRB Infrastructure has closed financing for the four laning of the Kaithal - Rajasthan border section of National Highway-152/65 PPP project in the state of Haryana, north India. Read more
  • August 11, 2015

    Second phase of Jaipur metro to follow PPP route

    The Jaipur Metro Rail Corporation (JMRC) is mulling the use of a public private partnership (PPP) to develop the phase II of the metro project in Jaipur, Rajasthan, India. Read more
  • August 14, 2015

    Shapoorji Pallonji in largest infra refinancing deal in India

    Shapoorji Pallonji has raised Rs26.1 billion (US$402.6 million) through a bond market solution to refinance its Jammu - Udhampur highway concession in India. Read more
  • August 18, 2015

    Kerala, Adani Group sign concession agreement for Vizhinjam port PPP project

    The government of the state of Kerala, India, on Monday signed the concession agreement with Adani Group to build the Vizhinjam international container transhipment terminal on PPP model. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.