APSEZ Wins Vizhinjam Seaport Development Bid

APSEZ Wins Vizhinjam Seaport Bid

Adani Ports and Special Economic Zone Limited (APSEZ) has won an approval to build and operate the previously proposed Vizhinjam multi-purpose port in India’s south-western state of Kerala, The Indian Express reports.

The country’s largest private port developer was the sole bidder on the project, which failed to attract valid bids in the earlier tender offers.

The Kerala Cabinet justified the approval by saying that this tender could have been the last for the proposed project.

APSEZ had launched the bid to construct and operate the Vizhinjam International Multi-Purpose Deepwater Seaport on April 24. The first phase of the project is expected to cost INR 7,525 crore (USD 1.18 billion).

APSEZ had asked for a grant of INR 1,635 crore (USD 255.7 million), on top of INR 2,454 crore (USD 383.8m) which the port developer plans to invest in the first phase of the project .

The Public-Private Partnership will provide INR 4,089 crore (USD 639.5m) for the Phase I of the project.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >