Consider the following statements regarding Vizhinjam International Se...
The docking of the first ship at the Vizhinjam International Seaport has been deferred recently.
About Vizhinjam International Seaport:
- Location: It is located at Vizhinjam, a coastal town in Thiruvananthapuram District, Kerala.
- It is designed primarily to cater to container transhipment besides multi-purpose and break bulk cargo.
- It is developed in a landlord model with a Public Private Partnership component on a design, build, finance, operate and transfer (“DBFOT”) basis.
- The private partner, the Concessionaire M/s Adani Vizhinjam Port Private Limited has, commenced the construction on 5th December 2015.
- The Port is merely a 10 NM diversion from the international east-west shipping route and is also close to the national/regional road and rail network.
- There would be about 30 berths, most of which would be capable of handling Mother Vessels.
- Significance:
- It is the only transhipment hub in the Indian subcontinent, closest to the international shipping routes, and is centrally located on the Indian coastline.
- Around 95 per cent of India’s foreign trade is conducted through the sea route. In value terms, this works out to 70 per cent of the foreign trade.
- Nearly 30 percent of the freight movement takes place through the international shipping route South of the Indian peninsula, which passes 10 nautical miles off Vizhinjam.
- Currently, India does not have a deep-water container transhipment terminal and depends on Colombo, Singapore and Salalah ports.
- This results in a significant loss of foreign currency and revenue, estimated to be about Rs 2,500 crore a year.
Hence both statements are correct.
Consider the following statements regarding Vizhinjam International Se...
Vizhinjam International Seaport
The Vizhinjam International Seaport is a deepwater port located in Thiruvananthapuram, Kerala, India. It is being developed to cater to container transhipments and multi-purpose bulk cargo. The project is designed to be a major transhipment hub in the region, connecting India with international trade routes.
Statement 1: It is designed to cater to container transhipments and multi-purpose bulk cargo.
This statement is correct. The Vizhinjam International Seaport is designed to handle container transhipments and multi-purpose bulk cargo. Container transhipments involve the transfer of containers from one ship to another at the port, allowing goods to be transported efficiently between various destinations. The seaport is equipped with state-of-the-art container handling facilities to handle large volumes of containers. Additionally, it is also capable of handling multi-purpose bulk cargo, which includes commodities such as coal, iron ore, and petroleum products.
Statement 2: It is developed in a landlord model with a Public Private Partnership component.
This statement is also correct. The Vizhinjam International Seaport is developed in a landlord model with a Public Private Partnership (PPP) component. In a landlord model, the government retains ownership of the port infrastructure while leasing out the operational and maintenance activities to private entities. In the case of Vizhinjam International Seaport, the government of Kerala has entered into a concession agreement with a private consortium, Adani Vizhinjam Port Pvt. Ltd. (AVPPL), for the development, operation, and maintenance of the seaport. AVPPL is responsible for the construction of the port infrastructure and will operate the port for a specified period under the terms of the agreement.
The PPP model allows for private sector expertise and investment in the development of infrastructure projects while ensuring that the government retains ownership and control over strategic assets. It also helps in sharing the risks and rewards of the project between the public and private entities.
Therefore, both statements 1 and 2 are correct. The Vizhinjam International Seaport is designed to cater to container transhipments and multi-purpose bulk cargo, and it is being developed in a landlord model with a Public Private Partnership component.
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.