Hyderabad-based Lanco Group led consortium has bagged the Rs 8,000-crore development project of the Kerala-based Vizhinjam International Container Port. Malaysia-based Pembinan Radzai Sdn Bhd (PRSB) is the company's consortium partner for the project.
The other contenders in the race for the project include NCC-Maytas, Videocon-Gammon–SICAL, Apollo Enterprise-DS Construction and Zoom Developers-Portia Management Services.
The bidding for the development project of the Vizhinjam International Container Port Project has been bagged by the company for period of 33 years on a concession basis. The government of Kerala has invited bids in August 2007, according to a release issued by the company.
The project site is situated at Vizhinjam, about 16 kms south of Thiruvananthapuram. The site boasts of a unique location at India's southern tip and enjoys closest proximity (10 nautical miles) for International sea routes connecting Europe, Persian Gulf and Far East.
Vizhinjam coast is suited for the development of an all weather deep-water port focused on both domestic and international container transshipment traffic.
The project is proposed to be developed as a Container Transshipment hub, given its 15 metre natural draft and proximity to International sea routes. It will be developed in 4 phases with an ultimate capacity of 6.5 Million Twenty foot Equivalent Unit (TEUs). The port will be equipped with state-of-the-art technology, equipment and highest industry service standards.
The construction of the initial phase would be completed in 60 months and the other 3 phases will be initiated after reaching stipulated traffic levels.
The port, when developed, would attract a fair share of the Container Transshipment traffic which are presently handled by international ports like Colombo, Malaysia, Al-Salalah and Singapore.
The project is expected to benefit Indian companies engaged in export and imports as it would save substantial foreign exchange outgo, time, costs and other transshipment risks associated with some of the other foreign ports.
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