Kerala has approved two Multi-Modal Logistics Parks (MMLPs) to strengthen the ecosystem around the upcoming Vizhinjam International Seaport, India’s first deep-water transhipment hub.
CONCOR plans to set up an MMLP on about 25 acres at Kottukal near the port, with land cost estimated at Rs 70-80 million per acre and a proposed monthly lease rent of Rs 0.15 million per acre, 5 per cent annual escalation and 2 per cent revenue share on operational income, while it will handle infrastructure development and statutory approvals with VISL’s facilitation. CWC has sought up to 50 acres at Amaravila along the railway line, at an estimated Rs 40-45 million per acre, on lease terms of Rs 0.1 million per acre per month plus 5 per cent annual escalation and 2 per cent revenue share, with VISL acquiring and leasing the land and CWC responsible for developing facilities and obtaining clearances.
The projects are designed to deepen Vizhinjam’s logistics ecosystem and support long-term growth at the emerging transhipment hub. Additionally, the ongoing capacity augmentation will raise the port’s annual handling capacity from 1.5 million TEUs to 5.7 million TEUs by December 2028 and add two multipurpose berths with a combined quay length of 1,220 m.