Adani Ports and Special Economic Zone Ltd. secured a $1.4 billion investment from Mediterranean Shipping Co. (MSC), marking a boost for India’s port infrastructure. MSC’s terminal arm, Terminal Investment Ltd., will invest $539 million upfront in Adani’s Vizhinjam Port, followed by $858 million upon completion of expansion in 2028. The...
India's First Transshipment Port to Be Operational in 2018
India’s first Mega Transshipment Container Terminal at Vizhinjam, in the western state of Kerala will be developed by privately-owned Adani Ports and the Government of Kerala. Being built at a cost of $1 billion, the port is scheduled to be operational in 2018. Vizhinjam is located 10-12 nautical miles from the busy Persian Gulf...