Kerala awards Vizhinjam port project to Adani
|Company||Govt of 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.