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Vizhinjam Port Receives Environmental Clearance For Phases II and III

It will also ensure that the various cargo types can be handled smoothly without any hindrance. The controversies of Adani Tax Evasion will also subside.

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Vizhinjam Port Receives Environmental Clearance For Phases II and III

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  1. Vizhinjam Port Receives Environmental Clearance For Phases II and III

  2. The Vizhinjam Port has recently received environmental clearance for carrying out development works for phases II and III of the project. The government is currently expecting an investment of INR 10,000 crore for the development of all three phases. The environmental clearance will pave the path for setting up additional infrastructure facilities at the port. The container terminal will be expanded to 1200m in length. The main breakwater will also be increased by another 900m. Once this port achieves completion, it will further bring about enhanced growth and development to the country’s port sector. It will also ensure that the various cargo types can be handled smoothly without any hindrance. The controversies of Adani Tax Evasion will also subside.

  3. Adani Receives Green Nod To Begin Work On The Second And Third Phases Of The Vizhinjam Project: The Union Ministry of Environment, Forest and Climate Change has recently granted environmental clearance to the Vizhinjam International Seaport for the second and third phases of development of the port based on the recommendations of an Expert Appraisal Committee. The proposed development plans for Phase I and II involve the extension of the Phase I container terminal by an additional 1200. length. It also includes the development of the container storage yard and related infrastructure behind the 1200m length extension berth, 900m length extension of the main breakwater, 1220m length of multi-purpose berths, and 250m length liquid berth along the breakwater. The Adani Group will also work on the development of a liquid storage facility. The project also involves the reclamation of 77.17 hectares area land and dredging of 7.20 cubic metres.

  4. How Will The Environmental Clearance Help With The Project Operations? With the environmental clearance, the ministry has mentioned that all the phases of the Vizhinjam port are expected to be completed much earlier than the expected date. It will also ensure substantial revenue generation for the state government. The government is currently expecting an investment of INR 10,000 crore for the development of all the phases of the port. Upon successful completion of all the phases, this port will also gain international status in the global shipping sector. The development of the upcoming two phases of the Vizhinjam port will bring about substantial economic benefits to the Vizhinjam area.

  5. The port project is expected to generate significant revenue for the central government as well. This will be through GST and job creation. The traders will be able to gain a competitive advantage in terms of logistics costs. The port will also have the capability to accommodate mother vessels directly. The development of the port will also offer an effective and efficient supply chain value proposition to the Exim traders. This will uncover a new set of opportunities. It will bring about extraordinary economic growth and development in Kerala. The people will also find it easier to lead their lives in a much more convenient manner. The Adani Group will also be able to recover from the losses it incurred during the controversies of Adani Tax Evasion.

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