Vizhinjam International Seaport Commissioning
The Prime Minister formally commissioned the Vizhinjam International Seaport in Thiruvananthapuram, hailing it as India's first transshipment hub and deepwater container terminal.
Capacity and Economic Impact
- Expected capacity of 5 million twenty-foot equivalent units (TEUs) annually by 2028.
- The port aims to decrease India's dependence on foreign ports, where 75% of the country's transshipment occurs, leading to substantial revenue retention.
Funding and Infrastructure
- Total investment for Phase 1 is approximately ₹8,867 crore.
- Kerala government contributed ₹5,595 crore for connectivity and rail infrastructure.
- The Adani Group invested ₹2,454 crore, supplemented by over ₹800 crore as viability gap funding (VGF) from the Centre.
Strategic Advantages
- The port features a 3,000-metre breakwater and an 800-metre container berthing facility.
- Located 11 nautical miles from the international shipping channel, enhancing its strategic maritime significance.
- Natural draft of over 18 metres, allowing accommodation of the world's largest container ships.
Operational Timeline
- Commercial operations began in 2024, with aspirations to complete development by 2028.
- Already accommodating over 250 ships, indicating rapid operational progress.
India's Maritime Efficiency
The port's commissioning marks a 30% reduction in turnaround times at Indian ports in the last decade, enhancing overall efficiency.
