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    Talks on central funding for Vizhinjam Port to be held on Sep 5

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    Kerala Ministers

    Kerala MinistersKerala Chief Minister Oommen Chandy said that official talks ​is to be held in Delhi ​on 5th September to finalise conditions for central assistance to the proposed Vizhinjam Port project. Kerala Minister for Ports K Babu and senior officials held talks with union Finance Minister Arun Jaitley in Delhi last week about the central government’s clearance for the viability gap funding for the Rs.5,000-crore expected first phase cost of the project. Five companies have been shortlisted for developing this port and once the issues concerning the viability gap funding are decided, the tendering process will be finalised. The proposed port is to come up near the famed Kovalam beach and is to be completed in three phases. Once constructed, a ship with a capacity of 18,000 TEU can berth here. The Vizhinjam port site has a natural depth of 24 metres, one of the deepest in the world and hence requires no dredging.

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