Vizhinjam International Seaport Ltd (VISL)

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Abstract

Government of Kerala, through its special purpose vehicle (SPV) - Vizhinjam International Seaport Ltd (VISL), intended to develop a deep-water Multipurpose Greenfield Port at Vizhinjam in Thiruvananthapuram, capital city of Kerala. After a decade of planning and several failed attempts, the proposed project was being offered for bidding as a Public Private Partnership Project (PPP) on a design, build, finance, operate and transfer (DBFOT). While the project was not financially viable it offered reasonable economic returns. The project was therefore being supported by a Viability Gap Funding and Port Estate development. Adani Ports, a major private sector port developer and operator was considering bidding for the project.

Additional Information

Product Type Case
Reference No. F&A0542
Title Vizhinjam International Seaport Ltd (VISL)
Pages 23
Published on Mar 26, 2019
Year of Event 2013
Authors Sinha, Sidharth;
Area Finance and Accounting (F&A)
Discipline Finance, Public Policy and Law
Sector Infrastructure, Public Sector
Learning Objective Role of Public Private Partnership is financially non viable projects . Financial and economic analysis of a port project.
Keywords Public Private Partnership; Port Infrastructure
Country India
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