The Kerala government has handed over a letter of intent (LoI) to Adani Ports and Special Economic Zone Ltd (APSEZ), announcing its decision to appoint the company to develop a new port at Vizhinjam, it is learnt.
This was confirmed to the media by the Kerala Chief Minister, Mr Oommen Chandy, on Monday. He stressed that there was no controversy associated with the project.
A final agreement would be signed in 45 days, sources said.
An order asking the Adani Group to start work on the project will soon be issued and it is expected to reply within seven days of receiving the order, sources said.
Vizhinjam is to be developed as a container transhipment facility.
This post was written by Atlantic Admin