Vizhinjam Port Development Notified

The Vizhinjam International Seaport Limited (VISL) has this week  notified a request for qualification (RFQ) for development of the proposed multi-purpose port at Vizhinjam.

This will allow  firms or consortiums interested in the design, engineering, financing and development of superstructure, operations, maintenance and management of the port terminal to respond to the RFQ.

A investors’ meet held to explain the salient features of the port, was attended by representatives of 33 construction companies, banks and  financial institutions from both within India and abroad. The VISL, which has state backing, will raise  loans of about Rs 2500 crores.

The  port  is to be developed on the landlord model with a view to catering to container and other clean cargo.  When ready, it will be a natural deep water harbour with a draft of 18 to 22 metres, located ten nautical miles of the East-West international shipping axis.

source: Hindu