Published On:July 12 2024
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Vizhinjam Port poised to elevate India’s status as premier container transshipment hub.
On Friday, trial runs of the first mothership with a full container load of cargo were successfully conducted. The project involves a total investment of ₹18,000 crore, with ₹8,867 crore allocated for the first phase. The Kerala government is contributing ₹5,596 crore, while the Adani Group is investing ₹2,454 crore, holding a 27% stake.
Initially, the port will handle 1 million TEUs, with plans to increase capacity to 3 million TEUs by the end of 2028. Future expansions could see the port's capacity reach 5 million TEUs, according to officials.
A loan of ₹2,100 crore from NABARD has been sanctioned to support the project.
HBL