Kerala Nods for Vizhinjam Port As Central Project

Published on: 12 Aug, 2014
Published under: Kerala Business News

Kerala Chief Minister Oommen Chandy has told that the state is ready to support for Vizhinjam International Project if the project will be developed as a central project.The state government has brought the matter to the attention of the Prime Minister. The matter was recently detailed in a letter sent to the Prime Minister on August 6.

The state government wishes to complete the project within three to four years with the support of the Centre.

Chief minister in his letter pointed out if the Centre had interest in developing a big port along the south-west coast under the jurisdiction of ministry of Shipping, Kerala is ready to extend all support in the best possible manner and all possibilities of Centre’s involvement in the project would be discussed, he said.

The expected cost for the first phase of the Vizhinjam project is Rs 6,647 crore. The empowered institution has recommended sanctioning a viability gap fund for the project, however, the sanction amount has not yet been materialised.

Src- http://www.business-standard.com/article/economy-policy/kerala-ready-to-develop-vizhinjam-as-central-project-114081101149_1.html

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