Govt. of Kerala has incorporated a fully owned Company by the name of Vizhinjam International Seaport Limited(VISL) with the major objective of providing external support infrastructure (such as linkages and power/water supply) for the Port.

                        IL&FS Infrastructure Development Corporation Ltd. is the strategic advisor for project structuring, procurement of consultants and developer(s).

The knowledge partners of the project are M/s L&T-RAMBOLL Consulting Engineers Limited, in association with ROGGE

Marine Consulting GMBH, Germany, RAMBOLL, Denmark and L&T Capital Company Limited, who have carried out feasibility studies.

The consultancy services consists of three phases viz.,

• Phase I: Traffic assessment and preliminary viability including traffic studies, surveys, port planning, master planning and financial viability
• Phase II: Detailed feasibility and project structuring including financial and economic analysis
• Phase III - Providing technical inputs to RFP preparation, Draft Licence Agreement, assistance during Technical and Financial Closure.

Vizhinjam International Sea Port Limited CEO Dr Jayakumar says, "The Rs 4,300 crore project has been the state government's pet project and will be built on a Built-To-Transfer basis of 30 years."      

Cost

The total cost of the project is Rs. 43 billion ($950 million) and it would come in three phases. The entire proposal is with the Central Government. A consortium of three companies (two Chinese and a Mumbai-based firm) have been selected to build it.