The Kerala government is to sign an agreement with Adani Ports for building Vizhinjam Port, after a team of Adani Ports officials held talks with a Kerala team led by Kerala Chief Minister Oommen Chandy and Ports Minister K. Babu, Hellenic Shipping News reported the IANS as saying.
PTI reported previously that Adani Ports had entered into talks to acquire Gangavaram Port in Andhra Pradesh, India for around US$2.1 billion.
K. Babu said: “The agreement will be inked on August 17 in the presence of Adani Ports chairman Gautam Adani. Work on the port will begin on November 1, which is Kerala’s Formation Day.
“10% more land needs to be acquired for the project. We expect to complete this at the earliest. We assured Adani officials on their demand for uninterrupted limestone supply from state quarries that it would be done as per the rules.”
Adani Ports are building a total of eight ports in the country and expects to have Vizhinjam Port finished in the next two years.
Adani Ports umbrella company, the Adani Group is also said to be in talks to take over the management and operational side of Larsen & Toubro Kattupalli International Container Terminal, based near Chennai, India.