88% Work Completed on Phase I of Vizhinjam ICTT Project
PORTS & SHIPPING

88% Work Completed on Phase I of Vizhinjam ICTT Project

Significant progress has been achieved on Phase I of the Vizhinjam International Container Transshipment Terminal (ICTT) project, with completion reaching 88% by the end of June 2024. The ambitious project, located near Thiruvananthapuram in Kerala, aims to establish a world-class transshipment hub to enhance India's maritime connectivity and trade facilitation capabilities.

The Vizhinjam ICTT, when fully operational, is expected to significantly boost India's maritime trade by accommodating larger container vessels and handling increased cargo volumes. Phase I of the project focuses on developing essential infrastructure such as berths, container yards, and support facilities necessary for initial operations.

The project's progress underscores Kerala's strategic investment in maritime infrastructure, aiming to capitalise on its geographical advantage and enhance economic growth through enhanced port logistics and trade efficiency. Once completed, Vizhinjam ICTT is poised to emerge as a key player in the global transshipment market, catering to the growing demands of international shipping routes.

The successful advancement of Phase I reflects diligent project management and collaboration among stakeholders, including the Government of Kerala and Adani Ports and SEZ, the project's developer. It demonstrates India's commitment to expanding its port capacity and modernising maritime infrastructure to align with global standards and accommodate future trade growth.

As Phase I nears completion, attention will shift towards operational readiness and integrating the terminal into global shipping networks, paving the way for increased trade opportunities and economic benefits for Kerala and the broader region.

Significant progress has been achieved on Phase I of the Vizhinjam International Container Transshipment Terminal (ICTT) project, with completion reaching 88% by the end of June 2024. The ambitious project, located near Thiruvananthapuram in Kerala, aims to establish a world-class transshipment hub to enhance India's maritime connectivity and trade facilitation capabilities. The Vizhinjam ICTT, when fully operational, is expected to significantly boost India's maritime trade by accommodating larger container vessels and handling increased cargo volumes. Phase I of the project focuses on developing essential infrastructure such as berths, container yards, and support facilities necessary for initial operations. The project's progress underscores Kerala's strategic investment in maritime infrastructure, aiming to capitalise on its geographical advantage and enhance economic growth through enhanced port logistics and trade efficiency. Once completed, Vizhinjam ICTT is poised to emerge as a key player in the global transshipment market, catering to the growing demands of international shipping routes. The successful advancement of Phase I reflects diligent project management and collaboration among stakeholders, including the Government of Kerala and Adani Ports and SEZ, the project's developer. It demonstrates India's commitment to expanding its port capacity and modernising maritime infrastructure to align with global standards and accommodate future trade growth. As Phase I nears completion, attention will shift towards operational readiness and integrating the terminal into global shipping networks, paving the way for increased trade opportunities and economic benefits for Kerala and the broader region.

Next Story
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?