International port of Vishinjam in Thiruvananthapuram. | Photo Credit: Special Arrangement
Keral’s government on Wednesday as part of the share of the Vishinjam International Port on Wednesday on Wednesday on Wednesday on Wednesday on Wednesday as part of the share of the Center to 817,80,80 GBP.
After months of uncertainty, the cabinet meeting took place in the last week of March March to accept the central share of the VGF for the Maritime Port project.
According to the Minister of the Har Municipal Office, the state will cost two agreements with the Union’s government in office, which will be held at the Mascot Hotel at 12 o’clock, the first agreement will be the tripartite agreement between the center, the Bank’s consortium and Adani Vishinjam Private Port Limited (AVPPL). The second is an agreement to share premiums with the center to sign the chief secretary Sarada Muraleedharan. This agreement ensures that the center receives 20% of the port revenue.
Officials of the Ministry of Economic Affairs of the Union Government will also participate in the ceremony.
With the completion of the VGF procedures, all procedures in the first phase of the port Vishinjam will end.
According to the first agreement signed with Kerala and the Adani Group, the state government would start to receive its share in the port revenue since the 15th year after the port began to operate. Although the construction of the port has been delayed by approximately five years, according to the recent agreement that has now been achieved, the government will receive its share in the port from the port since 2034.
As the construction of all port phases will be completed by 2028 instead of 2045, the port concessionist will pay a share of income profits generated by all 4 phases to operate the government since 2034. Kerala recently concluded an additional convention agreement. She first imposed an agreement on the contractual agreement.
By 2028
According to the latest agreement, AVPPL agreed to complete all ports of the port until December 2028. As a result, the minimum installed port capacity by 2028 will be 3 million TEU by a year. The cost of developing the second, third and fourth phases of the port is estimated at 10,000 GBP. This amount will only be AVPPL.
Published – April 8, 2025 20:50
