Wednesday, July 15, 2015

Vizhinjam gets a Developer.....

I hope that at least some of you are still checking the blog for updates despite my absence over the last few months. Profound apologies for the silence all this while, and without trying to offer a plaintive explanation for it, I was and still at very occupied with the intense work related to another, equally Trivandrum-related venture. You can read more about it on its Facebook page.

Since March, our principal architects, RSP Design Consultants, have been working with a world-class team of design,...
Posted by Taurus Investment Holdings India on Monday, June 15, 2015

The best way to kick start the blog is with a happy post about a piece of news that a lot of us have been waiting for a long, long while now. A piece of news that has won an election, galvanized public opinion on Social media and in the streets and sent shivers down the spines of vested interests near and far.

Yes, ladies and gentlemen, the Vizhinjam project finally has a developer, after years and years of failed bids and protracted wrangling about the most recent tender process. And the best part is that the winning bidder is Adani Ports - India's biggest private port developer, owner and operator and possibly the only India company with the capability, experience, global partnerships and the deep pockets to develop and successfully operate India's very first deep-water, container transshipment terminal and Kerala's only deep-water, multi-cargo port.

Adani Ports has officially accepted the mandate to build "India's first deep water trans-shipment port which has been...
Posted by Vizhinjam International Seaport on Wednesday, July 15, 2015

A few hurdles have been crossed but many lie ahead before the first giant container ship, hopefully a behemoth of the MSC Oscar class (Adani Ports has a strategic tie-up with the Mediterranean Shipping Company that owns the world's class of largest container ships and whose terminal arm operates at deep water container terminal at Mundra, as well as with with CMA CGM - another global Top 3 container line). Incidentally, Adani Ports and MSC have already set the record for the largest container ship to call at an Indian port, when the 14,000 TEU capacity MSC Valeria called at Mundra in mid-2013. The MSC Oscar class carried almost 50% more containers, and other ports in India, can only dream of accommodating such giants.

Kudos to Dr. Shashi Tharoor and the Chief Minister, Sri. Oommen Chandy for standing fast in the face of massive opposition, both from within their party and from external political forces, and going ahead with issuing the Letter of Acceptance to Adani Ports.

My take on the "Adani Port" controversy in Kerala & why going ahead is in the national interest:
Posted by Shashi Tharoor on Sunday, July 12, 2015

Fingers crossed for the weeks and months ahead before construction starts on India's first ever deep water, container transshipment terminal.