Adani fails to keep Sep 1 date with Vizhinjam port

Image
IANS Thiruvananthapuram
Last Updated : Sep 01 2018 | 2:45 PM IST

Private multi-port operator Gautam Adani failed to keep his September 1 promise of berthing the first ship from the Vizhinjam Port, near here, on Saturday. A tremendous ammount of work still remains.

Adani Vizhinjam Port Private Ltd (AVPPL) had on December 5, 2015 targeted September 1, 2018 to finish the first phase of the Kerala port.

Adani had said it would be operational in 1,000 days, which was Saturday.

The then Oommen Chandy government had inked the 2015 agreement for the international multi-purpose deepwater seaport project at a cost of Rs 7,525 crores. Adani Ports, which was the lone bidder had sought a Rs 1,635 crore grant for this.

Vizhinjam Mother Port Action Committee member Elias John said: "What has happened is the interest shown by the Chandy government is absent with the present government.

"If the things continue to proceed like this, they will be unable to even meet the 1,425 days deadline."

The delay is being attributed to a serious shortage of limestone required for building the breakwaters. Then there was Cyclone Ockhi which landed a huge beating in 2017 and took away 150 metres of the constructed breakwater.

According to the agreement, Adani would operate the port for 40 years, extendable by 20 more years, while the state government would get a portion of the revenue from the port after 15 years.

--IANS

sg/in/vm

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 01 2018 | 2:38 PM IST

Next Story