Thiruvananthapuram: Kerala government and the Adani group on Monday entered into a Memorandum of Understanding (MoU) for the Vizhinjam port project, 25 years after the project was first mooted.
The agreement was signed between state Ports Secretary James Varghese and Adani Vizhinjam Port Private Limited CEO Santhosh Kumar Mahapatra in the Durbar Hall of the state secretariat.
Chief Minister Oommen Chandy, Adani Ports chief Gautam Adani, Civil Supplies Minister Anoop Jacob, Health Minister V.S Shivakumar were present at the function.
The LDF Opposition, however, stayed away from the function.
The proposed port, located close to the busy international shipping route, is envisaged to handle 4.1 million containers annually.
Adani Ports was the lone bidder and sought Rs.1,635 crore as grant for the project. It would operate the port for 40 years, extendable by another 20 years. The state government would get a portion of the revenue from the port after 15 years of operations.
Prime Minister Narendra Modi is slated to lay the foundation stone of the project on November 1, Kerala's formation day.