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VISL – Vizhinjam Deep Water Port Development – Kerala - Project Profile

VISL – Vizhinjam Deep Water Port Development – Kerala - Project Profile

Synopsis

"VISL – Vizhinjam Deep Water Port Development – Kerala- Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "VISL – Vizhinjam Deep Water Port Development – Kerala- Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Vizhinjam International Seaport Ltd (VISL), a nodal agency of Government of Kerala (GoK), is undertaking the construction of Vizhinjam Deep Water Port Development project in Kerala, India.

The project involves the construction of the container main line, container-feeder, general cargo berth, water and power supply facilities. The project will be implemented in three phases.

First Phase of the project includes the construction of the 2 main lines and 4 feeder berths with a quay length of 1.4km. It includes the development of container terminal with a capacity of 820,000TEU (Twenty-foot equivalent unit), a multipurpose terminal with the capacity of 107,000 tonnes on 42.2ha of land.

Second Phase of the project includes the development of container terminal with a capacity of 1,700,000TEU, a multipurpose terminal with the capacity of 359,000 tonnes, a liquid terminal with the capacity of 518,000 on 68.6ha of land.

Third Phase of the project includes the development of 4 main lines and 9 feeder berths with a total quay length of 3.5km. It also includes the development of container terminal with a capacity of 2,800,000TEU, a multipurpose terminal with the Capacity of 777,000 and liquid terminal with the capacity of 1,051,000 tonnes on 68.6ha of land.

The project also includes the construction of basic civil infrastructure facilities like dredging, land reclamation, breakwaters and quay wall, road and rail connectivity and other external infrastructure facilities.

The project will be implemented through landlord model in which the civil infrastructure of the port will be built by the State Government through EPC contractor and the superstructure for port operations and terminals will be built in the private-public partnership (PPP) model on BOT basis.

IL&FS Infrastructure Development Corporation Ltd is the strategic advisor for project structuring, procurement of consultants and developer(s). The International Finance Corporation (IFC) was appointed as the transaction advisors for the project.

L&T-RAMBOLL Consulting Engineers Ltd has been appointed as the EISA consultant, BMT Consultants for design works of the project.

Rogge Marine Consulting GmbH, RAMBOLL, Denmark and L&T Capital Company Limited were appointed as the feasibility study contractors.

Drewry Shipping Consultants Ltd, Royal Haskoning, Asian Consulting Engineers were appointed as the Market study Consultants, Technical consultants and Environment Scoping consultants for the project respectively.

AECOM, SBI Capital, Fugro Geotech Pvt. Ltd and Allen Overy and Trilegal were appointed as the Technical consultants for EPC contract, Financial Advisor, Geo Technical consultant and Legal consultants respectively.

In June 2011, the Union Ministry of Environment and Forests has cleared the terms of reference (ToR) for the site-specific environmental impact study. The selected port operator will provide inputs for preparation of master plan and also during the construction process.

In August 2011, Mundra Port and Special Economic Zone (MPSEZ) and a consortium comprising Welspun Infratech, Welspun Corporation, and Leighton Welspun Contractors have been short-listed to undertake the project on build, operate, transfer (BOT) basis.

In February 2012, the company has opened the financial bids and completed an evaluation of bids.

In July 2012, Welspun Infratech Ltd (India) was in negotiations with Vizhinjam International Seaport Limited over the project development.

In July 2012, the government rejected the Welspun Infratech Ltd, as the consortium was seeking for a grant of US$79 million and decided to go for fresh tender to find a new private operator for the port only after getting the environmental clearance.

The US$240 million of the total project cost would be funded as equity from the state government and the balance is expected to be funded through debt as loans from banks, institutions and through bonds.

In the first quarter of 2013, land acquisition activities were completed on the project.

In December 2013, Request for Qualification for the superstructure for port operations and terminals through Public Private Partnership (PPP) was issued with the submission deadline on March 10, 2014. The shortlisted bidders were; a consortium of Hyundai Engineering & Construction Co. Ltd. and Concast Infratech Ltd, Gammon Infrastructure Projects Ltd, Essar Ports Ltd., Adani Ports and Special Economic Zone Ltd., and a consortium Obrascon Huarte Lain and Srei Infrastructure.

A Request for Qualification was issued for the engineering, procurement and construction work with submission deadline as June 30, 2014.

The following bidders submitted the bids; a consortium of Hyundai Engineering & Construction Co. Ltd. and Concast Infratech Ltd, Gammon Infrastructure Projects Ltd, Essar Ports Ltd., Adani Ports and Special Economic Zone Ltd., and a consortium of Obrascon Huarte Lain and Srei Infrastructure.

In February 2015, VISL secured approvals from the Union government for US$128 million viability gap funding (VGF) for the proposed project.

In February 2015, Kerala Government has decided to re-tender the project by extending the tender submission deadline for another 30 days ie; to the end of first quarter of 2015. The decision was taken due to lack of bidders to compete for the tender process, though three bidders have submitted the pre- qualification document none of them turned up for the further rounds of tender.

On March 23, 2015, the bid submission date of the project was extended to April 2015.

In April 2015, Adani Ports and Special Economic Zone Ltd. (APSEZ), a part of Adani Group submitted the bid to build the project.

In June 2015, Adani Ports and Special Economic Zone Ltd was appointed as BOT contractor, with a grant of US$257 million in the form of a viability gap funding.

APSEZ has appointed Ms AFCONS for the construction of the berths. The berths include the 800m container berth south of the breakwater and another 500m fishing berth alongside the breakwater to its north.

On December 5, 2015, construction works commenced on phase I.

In January 2017, construction is completed on 537m breakwater.

In June 2017, official groundbreaking ceremony was held on the first berth of the project.

In October 2017, the locals stalled the construction of the project over compensation issues.

Construction works are underway on Phase I and scheduled to be completed in 2021.

Scope

The project involves the construction of a deep water port at Vizhinjam in Kerala, India.

The US$1,121 million project includes the following:

1. Construction of berths for container main line

2. Construction of berths for container feeder

3. Construction of berths for general cargo

4. Construction water and power supply facilities

5. Construction of multipurpose terminals

6. Construction of liquid terminal

7. Construction of breakwaters

8. Construction of quay wall

9. Construction of road and rail connectivity

10. Construction of related facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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