|Project Location : Vizhingam, Kerala|
Vizhinjam International Seaport Ltd, a special purpose vehicle of Shipping Corp of India is to develop the new Vizhinjam International Container Terminal port -16kms south of Thiruvananthapuram. The company has initiated actions to invest Rs.4500 million to set up infrastructure facilities in the new port. Land acquisition is in progress and 35% of it is complete. The site has a natural draft of 20-24 meters and hence requires very less dredging. After phase I, the seaport will be able to receive ships of up to 8,000 TEU (Twenty-foot Equivalent Units). The project is conceived in such a way that in the subsequent phase, ships of even 12,000 TEU could easily berth at the port. The projected traffic for Vizhinjam Port under a moderate scenario is 6 million TEUs by the year 2042. It may be noted that, the new upcoming terminal is just one nautical mile away from the international East - West shipping route, where much of the traffic is being handled by Dubai, Colombo and Singapore ports. It is expected the new terminal will take some slice in the business.