Home Energy News Port & Dam News Kerala govt to ink pact with Adanis on Vizhinjam Port

    Kerala govt to ink pact with Adanis on Vizhinjam Port

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    Vizhinjam portKerala government and Adani Ports decided to sign the construction agreement on the ambitious Rs 7,500 crore Vizhinjam deep sea port project, on August 17. The decision was taken at a meeting by Chief Minister Oommen Chandy with Adani Ports Officials, including the company’s Executive Director Karan Adani. Ports Minister, K Babu, said that the construction work will start on November 1, the state’s formation day. Karan Adani said that even though the construction period is four years as per the agreement, the company plans to complete the work in two years. Babu also said that the CM would write to Prime Minister, Narendra Modi, seeking exemption of cabotage law for the project as it is one of the issues raised by the Adani group. He said that 90 % of the land acquisition for the project is over. Vizhinjam International Seaport Private Ltd is the Special Purpose Vehicle of the state government formed to implement the project. The estimated cost of the project is Rs 7,500 crore which includes investments made by the Kerala government. The port, a long pending project of the state, was first proposed in 1991, but did not materialize due to various reasons.

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