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Transcript of Vizhinjam Project
8/3/2019 Vizhinjam Project
http://slidepdf.com/reader/full/vizhinjam-project 1/19
VIZHINJAM TRANS-SHIPMENT
HUB
VIZHINJAM TRANS-SHIPMENT
HUB
Presented by:
Bobby John
Chippi Varghese
Presented by:
Bobby John
Chippi Varghese
VIZHINJAM TRANS SHIPMENT HUB
8/3/2019 Vizhinjam Project
http://slidepdf.com/reader/full/vizhinjam-project 2/19
PROJECT DETAILSPROJECT DETAILS
International Deep Water Multipurpose Shipping Hub
Owned by the Govt. of Kerala
Development of a multipurpose seaport with a quay length of 2000
meters in Vizhinjam, a coastal region in Trivandrum, Kerala
To cater primarily for container transshipments, multi-purpose,
break-bulk cargo and liquid bulk cargo.
Also acts as a hub to cater to passenger, container and other cleancargo.
Green-field project offering flexibility in design and expansion
away from urban/city limits
PROJECT DETAILS
8/3/2019 Vizhinjam Project
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Enter your title hereEnter your title here
The Vizhinjam International Seaport Ltd. (VISL):
The official Authority in charge. It is a Special Purpose Govt Company, fully
owned by the Govt of Kerala.
The International Finance Corporation (IFC):
A member of the World Bank Group. It is the transaction advisor to VISL.
The International Leasing and Financial Services Ltd. (IL&FS)
It is an Indian Infrastructure and development Company. Acts as a Project Advisor
to Govt. of Kerala to assist in project development and structuring
PROJECT PROPONENT
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PROJECT BACKGROUNDPROJECT BACKGROUND
Containerisation of general cargo traffic
Crude Transshipment Purposes
Opportunity in Transshipment Market
Year WorldContainer
Trade(MTEU)
AsianContainer
Trade(MTEU)
IndianContainer
Trade(MTEU)
2000 152 60 2.2
2012 180 64 15
PROJECT BACKGROUND
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Why Kerala?Why Kerala?
Vast Coast line of around 580 km.
I major port and 17 minor ports.
Demand ±supply gap of port infrastructure
Strategic Location
Less disruption from Cyclonic activities
WHY KERALA?
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Why VIZHINJAM?Why VIZHINJAM?
2km south of world renowned tourist center, Kovalam
Close to Thiruvananthapuram city that has an International airport,
human resource and social infrastructure
Immediacy to national/regional road, rail network and communication
facilities & social infrastucture
Natural all-weather harbour
Proximity to international sea route
Natural water depth upto 24 m in one
nautical mile of coast
Least Littoral transport: low dredging
requirement
Why VIZHINJAM?
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Here comes your footer Page 7
8/3/2019 Vizhinjam Project
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Ports Rank %of
Indian
Goods
Natural
depth
(In metre)
Tidal
Variation
(In metre)
Proximity
to
Main
route
Rent for
one
container
Daily
income
(in
Crores)
Colombo 30 40 14 3 110 kms 150 US $ 3.5
Dubai 13 17 18 1 1500 kms 130 US $ 6
Singapore 02 13 15 1 20kms 130 US $ 27
Kochi < 50 4 11 0.7 200 kms 120 US $ 0.05
Vizhinjam ------ --------- 24 - 30 0.3 3 kms 110 US$ 7
PORTS IN ASIA
8/3/2019 Vizhinjam Project
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Consideration Vizhinjam Vallarpadam
Geographical Location Ideal ;being Open sea Port + Estuarine -
Proximity toexisting Main Line
Nearer + Farther -
Break Water R equired - Not R equired +
Dredging Not R equired + R equired -
Depth of water inchannel
24.00 Mts + 12.5 mts -
Depth of water at Berth 21.00 Mts + 14.00 mts -
Littoral drift / Siltation Minimum if not nil + High -
O&M Expenditure Low + High due to Maintenance Dredging -
Geological Condition Good being R ock / sand + Poor being cohesive soil / silt beingDelta -
Foundation Depth Less + Deep due to poor soil -
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FEASIBILIT Y STUD YFEASIBILIT Y STUD Y
IFC commissioned a team of high quality consultants like:
Royal Haskoning Consultants: For State-of-the-art technical design and environmental & social study
Drewry Shipping Consultants : Investment quality market study
International legal team of Allen & Overy (Singapore) and Trilegal (India)
The consultancy services consists of three phases as,
Phase I: Traffic assessment and preliminary viability (traffic studies, surveys, port planning, master
planning and financial viability )
Phase II: Detailed feasibility and project structuring including financial and economic analysis
Phase III: Providing technical inputs to R FP preparation, Draft License Agreement, assistance during
Technical and Financial Closure.
All the phases of the feasibility study were completed successfully. The team also conducted a traffic
analysis of the port sector and a specialized location analysis of the
FEASIBILITY STUDY
Vizhinjam region
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PLANNINGPLANNING
Project to follow Landlord Port Model
Dredging, reclamation and provision of basic infrastructure, such as
construction of breakwater and the quay, would be done by the State-owned
Vizhinjam International Seaport Ltd., while the port would be operated by a
private party, which would build the terminal structure and maintain it for the first
30 years.
Port terminal will be developed under Public Private Partnership (PPP) model
wherein the construction and operation of the port terminal would be on Build,
Operate and Transfer (BOT) basis.
PLANNING
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PROJECT PROGRESS OVER YEARSPROJECT PROGRESS OVER YEARS
2003: The tendering Process began (build-operate-and-transfer basis for 30 years) and was
once terminated owing to non-receipt of bills.
2005: Tender awarded to a consortium in which Zoom Developers was a member subject to
the GoI¶s clearance.
After an internal inquiry, the Centre declined security clearance for the consortium. The bid
evaluation committee rejected the bid of Zoom Developers after a detailed evaluation and after
pursuing the Law Secretary¶s opinion.
2007(April): A new fresh bidding by the Government. The re-tendering process began with a
global investor Meet .Bids were floated in July 2007 and by January-end 2008, VISL finalized
five bidders.
PROJECT PROGRESS OVER YEARS
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cont«cont«
A consortium of Lanco Group and Malaysia¶s Pembinan R edzai was selected as the
developer, but one of the unsuccessful bidders, a consortium led by Mumbai-based
Zoom Developers Ltd., moved court against Lanco¶s selection.
Based on the Supreme Court Verdict, the Kerala Government had decided to re
evaluate the tender submitted by the Mumbai based Zoom Developers for the
proposed container trans-shipment terminal at Vizhinjam.
On April 12th 2009, the Supreme Court quashed the petition filed by the Zoom
Developers against the award of bid for the project to Lanco by GoK.
2011 Feb 15th: VISL signed Memorandum of Understandings with SBT R VNL(R ail
Vikas Nigam Ltd) and KSEB
cont«cont«Cont«.
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PROJECT DEVELOPMENT PLANPROJECT DEVELOPMENT PLAN
PhaseBerth Length
(Meters)
Capacity
(Million TEUs)
Project Cost
( Billion Rs)
Phase-I 1245 1.8 23.9
Phase-II 1900 3.0 11.0
Phase-III 2860 5.3 18.6
Total 53.5
PROJECT DEVELOPMENT PLAN
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Project FinancialsProject Financials
CAPITAL INVESTMENT AMOUNT (in Crore Rs)
Equity (GoK) 1130
Bonds (GoK) 910
Institutional Investors 810
Loans (SBT) 2500
Total 5350
Institutional Investors - HUDCO, LIC
A fund of Rs 450 Cr for external support infrastructure has already been disbursed
PROJECT FINANCIALS
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Environmental & Social Impact AnalysisEnvironmental & Social Impact Analysis
A R apid Environmental Impact Assessment(R EIA) Study on the project was carried out in
2004 by L&T R amboll yielding the following findings:
Improvement in socio-economic profile of the people in terms of employment opportunities
Benefits to tourism sector .
Negligible environmental adverse impact as the entire port is developed on reclaimed land.
In the proposed stretch, no significant fishing zones are reported.
Benefits to fishermen because of improved connectivity, scope for exports, etc
Direct short term employment benefit during construction
Temporary beneficial effects on restaurants, hotels, etc due to presence of contractors.
Environmental & Social Impact Analysis
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Disturbance to commercial fishing operations
Large work force during construction phase would create safety
issues
Disturbance to tourism activity
Access to local beach limited
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CURRENT STATUSCURRENT STATUS
The bid made by the Welspun Consortium was accepted by V
ISL (13
th
Feb 2012).Concession Period is 30 years.
R evised Cost of the project is 4010 crore R s, out of which, the port operator
(Welspun) should invest 970 crore R s. It would get back R s.479.54 crore as grant
from the State government towards operating expenses over 16 years.
The government has initiated measures to acquire 48 hectares of land for laying a
rail link from Vizhinjam to Neyyattinkara
No aids from Central Govt. (due to infeasibility of the condition of 51% equity)
Fugro Geotech will conduct Geo-Technical studies once the financing is decided.
First stage of project is to commence in March, 2012
Expectation of flagging off first container ship in 2015
CURRENT STATUS