As the report of the panel headed by the Kerala Chief Secretary, Mr Jiji Thomson, has been approved, it now only requires the state Cabinet’s nod to sign up Adani Ports to develop the port superstructure and operate the proposed Vizhinjam multi-purpose seaport and international container transhipment terminal (ICTT), it is learnt.
Incidentally, Adani Ports was the sole bidder for the Rs 7,525-crore project. Its April 24 bid had sought Rs 1,635 crore as grant for the public-private partnership (PPP) project, which is to be executed in partnership with the state government.
The PPP component of the project will cost Rs 4,089 crore, sources said. Of this, 40 per cent will come as viability gap funding, shared 50:50 between the government of India and the government of Kerala. Constructing the breakwater and fishing harbour will be the responsibility of the state government, sources added.
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