The first
phase of the Vizhinjam Port Limited, a transshipment terminal is all set to be
completed by May 2024, said its MD and CEO Rajesh Jha nearly five years behind
schedule.
He was
speaking at the conclave organized by a private TV Channel. He said the
journey to construct the port has not been simple, with several challenges
along the way. The massive port project's completion would not have been
possible without the help of the CPIM government in Kerala.
"Our
journey has not been easy, it was practically impacted by everything that could
impact us. From cyclones to superfloods and then the pandemic. In spite of
that, we are talking about completion of the port. The first phase, which is a
800 meters berth and practically 3,000 meters of breakwater, should be ready by
May 2024," he said.
During the
first phase, the capacity of the port will be 1 million TEU, which is
expandable to 1.6 million TEU. And after the completion of the final phase, the
length of the berth will increase to 2,000 meters and the breakwater will go
from 3,000 meters to 4,000 meters, Jha said. "The final capacity will be
something like 3-4 million TEU, depending on the type of vessel, container,
handling capacity and efficiency," he added.
It may be
noted that the Vizhinjam International Transshipment Deepwater Multipurpose
Seaport is a public-private-partnership (PPP) venture of the Government of
Kerala and Adani Vizhinjam Port Pvt Ltd (AVPPL).
The port is
expected to be a huge boost to Kerala in terms of trade and economic growth,
and is likely to attract more businesses to the southern state. In fact, it
will be a big boost to the entire country, benefiting both importers and
exporters. Jha had earlier called the port a "gateway to the dream".