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Homechevron_rightKeralachevron_rightAdani Group gets final ...

Adani Group gets final go-ahead on Vizhinjam port project

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Adani Group gets final go-ahead on Vizhinjam port project
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Thiruvananthapuram: The state government Monday handed over a letter of intent to Adani Ports and Special Economic Zone Ltd (APSEZ), indicating its intention to appoint the company to develop a new port at Vizhinjam.

“We have handed over the letter of intent to Adani Group today. It’s a clean project. There is no controversy in it,” Kerala chief minister Oommen Chandy told reporters at a press conference.

The group is expected to reply within seven days of receiving the order.

Adani Ports was the lone bidder and sought Rs.1,635 crore as grant for the proposed port project.

The Rs.4,000-crore first phase of the port is expected to be completed in three phases, with the first phase being ready by 2019.

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