Vizhinjam Port Project Delays Further

Published on: 18 Apr, 2013
Published under: General Kerala News, Kerala Business News, Kerala Real Estate Updates

18 April 2013
Mumbai

Rs 4,000-crore Vizhinjam International Seaport (VIS) in Kerala is likely to take more time with the state government today saying it will be able to start construction by the end of the year or early 2014. his will take four-five months and we shall be able to start construction by the end of the year or early 2014,” Kerala’s ports principal secretary James Varghese Said .

He said the it has been decided to increase the depth of the port to 20 metres from the earlier plan for a 16 metre draft which will help it accommodate vessels carrying up to 18,000 TEUs or standard container units.The government will build the port, which is being built as a public private partnership project, in three years and then choose an operator to take it forward. Private sector Welspun had been earlier appointed to operate, but got cancelled later due to higher upfront money it had demanded.

There will, however, be no cost escalation from the stated Rs 4,000 crore on account of this, he said, explaining that costs under some other heads have been trimmed with the help of expert opinions.

Source – http://economictimes.indiatimes.com/news/economy/infrastructure/work-on-rs-4000-crore-vizhinjam-port-to-take-more-time-government/articleshow/19599645.cms

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