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Kerala awards Vizhinjam port project to Adani

Company Govt of Kerala
Location Kerala
Source HBL, June 10 2015

The Kerala state government has decided to award the Vizhinjam international port and deep-water container transshipment terminal project to Adani Ports and SEZ..This is subject to approval from the Election Commission in view of campaigning for the by-elections to the Aruvikkara Assembly constituency. The Adanis have demanded a grant of Rs. 1,635 crore. This is being made available as a viability grant fund to be shared equally by the state and Central Governments, a first for a port project. The Adanis will invest on their own Rs. 2,454 crore.

 



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