Adani Ports lone bidder for Vizhinjam port

Image
IANS Thiruvananthapuram
Last Updated : Apr 24 2015 | 9:48 PM IST

Adani Ports has emerged as the lone bidder for Kerala's dream project, the Vizhinjam Port.

The proposed port is to come up near the famed Kovalam beach and is expected to be completed in three phases, with the first phase to be ready by 2019.

Speaking to IANS, Kerala's Minister for Ports K. Babu described it to be the best news to have come for a while.

"The biggest advantage in Adani coming up is that they are a port development company and are in this business. Now the tender documents would be processed first by an empowered committee, then it would be checked by the director board of the proposed port, and then it comes to the cabinet," the minister said.

"There is no problem that Adani Ports is the lone bidder because this project has been on the cards for several years," Babu said.

"Also in Kerala there are problems whenever a big project is conceived and it takes a lot of time to resolve all problems, even after every sanction is received. So taking everything into account, there is not going to be any technical hitch if there is only one bidder," said Babu.

Incidentally in February when the tender date came to a close, not a single company had bid for the project and then a high level meeting chaired by Chief Minister Oommen Chandy decided to extend the date till Friday 5.30 p.m.

Adani Port officials submitted their bid just before the official close of the time.

Once completed, ships with a capacity of even 18,000 TEU (20-foot equivalent units) could dock here. The proposed port, as it is located close to the busy international shipping route, is envisaged to handle 4.1 million containers annually.

*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: Apr 24 2015 | 9:42 PM IST

Next Story