3 months ago
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The Kerala authorities has granted support to found a Multi-Modal Logistics Park (MMLP) adjacent the Vizhinjam planetary seaport. The Container Corporation of India Ltd. (CONCOR), 1 of the largest nationalist assemblage undertakings successful the logistics assemblage with a pan-India beingness crossed ports and Container Freight Station (CFS)/MMLP operations, volition acceptable up the installation astatine Vizhinjam. .
The State has besides approved proposals for establishing a marine substance bunkering installation of planetary standards astatine Vizhinjam by the Indian Oil Corporation Limited (IOC), arsenic good arsenic a warehouse and logistics analyzable by the Central Warehousing Corporation (CWC) adjacent the seaport. Vizhinjam International Seaport Limited (VISL) has been entrusted with negotiating the presumption and conditions of the semipermanent lease agreements with these companies and executing non-binding Memoranda of Understanding (MoUs) with them.
State authorities sources told The Hindu that CONCOR has sought up to 100 acres adjacent the larboard for the MMLP. In the archetypal phase, however, VISL and CONCOR person identified astir 25 acres astatine Kottukal for the project, wherever the estimated onshore outgo ranges betwixt ₹7 crore and ₹8 crore per acre. The State volition lease the acquired onshore to CONCOR astatine a monthly rent of ₹1.5 lakh per acre, with an yearly appreciation of 5%.
The onshore volition beryllium handed implicit to CONCOR aft acquisition by VISL, with the information that infrastructure improvement and statutory clearances volition beryllium undertaken by CONCOR, facilitated by VISL. The statement volition besides stipulate that 2% of the full operational gross generated by the MMLP volition beryllium paid to the State wrong 15 days of the extremity of each month.
In the lawsuit of CWC, the institution requires astir 50 acres to found a ample warehouse and logistics complex. Land has been identified astatine Amaravila adjacent Neyyattinkara, adjacent to the Thiruvananthapuram-Nagercoil railway line, wherever the estimated onshore outgo is ₹4 crore to ₹5 crore per acre. The projected installation is expected to fortify cargo-handling infrastructure linked to the transshipment hub.
IOC has sought 40 acres with entree to designated bunker jetties adjacent the port. In the archetypal phase, 20 acres volition beryllium allotted, wherever the institution volition make vessel farms and related infrastructure for bunkering operations.
Approximately 800 acres has been identified for processing a port-related concern ecosystem successful and astir the seaport. However, State clearance is required, arsenic the onshore indispensable beryllium acquired by State authorities agencies earlier being handed implicit to investors.
The Vizhinjam seaport has made important strides successful the transshipment sector, handling 670 vessels and transshipping 1.34 cardinal TEUs arsenic of December 31, 2025. Meanwhile, the larboard concessionaire, AVPPL, is undertaking capableness augmentation works scheduled for completion by December 2028. Upon completion, the port’s yearly capableness volition summation from the existing 1.50 cardinal TEUs to 5.7 cardinal TEUs. The enlargement besides includes the improvement of 2 multipurpose berths with a combined magnitude of 1,220 m.
