Business Case Studies & Business Publications

Vizhinjam International Seaport Ltd (VIS...

Sinha, Sidharth

Case

Vizhinjam International Seaport Ltd (VISL)

Sinha, Sidharth

IIMA-FA0542 | Published March 26, 2019 | 23 pages Case

Collection: Indian Institute of Management, Ahmedabad

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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.

Role of Public Private Partnership is financially non viable projects . Financial and economic analysis of a port project.