The Kerala Government and port operating concessionaire Adani Vizhinjam Port Private Limited have signed a supplementary concession agreement aimed at accelerating the development of the Vizhinjam International Seaport.
Ports Minister, V.N. Vasavan, announced that the revised agreement will allow the state to start earning its share of port revenue by 2034, five years earlier than previously planned. Furthermore, a major element of the agreement is a commitment to complete all phases of the port, including the originally scheduled phases two, three and four, by December 2028. At this point Vizhinjam is expected to become South India’s largest container terminal, with a throughput capacity capacity of 3 million TEU annually. Furthermore, the concession period has been extended by five years through the new agreement, to reflect disruption to the project caused by the pandemic.
The port, which aims to become India’s leading deepwater container transhipment facility, recently became officially operational after a trial period which ran from July to November 2024, during which time the new terminal handled 70 ships and around 147,000 TEU. All the cranes required for commercial operations have now been imported from China and installed at the port as part of the first phase of construction.
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