Malabar International Port and SEZ Limited (Azhikkal Port) (MIPSL)

In order to carry out the project for the development of Azhikkal Port, Malabar International Port and SEZ Limited (MIPS Ltd), a company that is wholly owned by the Government of Kerala, was established. Azhikkal Port is planned to be a seaport for international and coastal shipping with intermodal connectivity to SEZs and industrial parks that can bring cargo to the port and put entrepreneurial resources into potential Malabar sectors. The development of a new seaport for domestic and international cargo in the open sea at Azhikkal is envisaged in 3 Phases - capable of handling up to Panamax size ships (capacity of 4000 to 5000 containers).  In Phase I, a berth of 500 meters is planned, followed by a berth of 300 meters in Phase 2 and a third berth of 300 meters in Phase 3. Azhikkal port will be able to handle even international plying ships of approximately 5000 TEU Panamax vessels once it is fully operational. The dredged depth of the harbor basin is approximately 14.1 meters. The port can handle containers, liquid bulk, petroleum products, dry bulk and break-bulk cargos.  The estimated project cost (including the land acquisition cost) as per the latest financial assessment done by the Technical Consultant M/s.Howe is Rs.5,047 crore: in 3 phases (Rs.3,742+Rs.375+Rs.930 crores respectively) and the Technical Consultants submitted the Draft DPR of the project to the Government of Kerala in September 2023 for approval. The project is targeted for commissioning around 2031.