Business
First mother ship to berth at Adani Ports Vizhinjam in September
Thiruvananthapuram, May 23
The much-delayed Kerala's flagship project- Vizhinjam Port finally appears to be nearing completion.
According to the state government, the first mother ship from China having 40 cranes will arrive in September and berth at the Port.
Port authorities also point out that the port is expected to be fully operational by 2024 September. Upon its completion, the port will prove to be a game changer not just for Kerala but for the entire country as 80 per cent of transshipments to India which currently takes place at Colombo, Singapore and Dubai, will arrive at Vizhinjam.
During the commencement of the port by Adani on December 5, 2015, Gautam Adani had announced that the first ship will berth there on September 1, 2018, in a record time of less than 1,000 days.
Inked during the Congress-led UDF government under Chief Minister Oommen Chandy (2011-16), the work for the port began at the fag end of Chandy's tenure, but after the Pinarayi Vijayan government took over, due to numerous reasons, the pace could not be followed.
After cyclone Ockhi hit the construction site in 2017, a portion of the constructed breakwater was washed away and since then the shortage of limestone, the most important raw material for the project, caused yet another delay.
The total cost of the port project is Rs 7,525 crore for which the state government has contributed 500 acres of land.
Even though the authorities now say that the first mother ship will berth in September, last year the State Ports Minister Ahamed Devarkovil had said that the first ship will berth in March 2023 and the first phase of the port would be commissioned in 2023 September.
According to the agreement, Adani will operate the port for 40 years, extendable by 20 more years, while the state government will get a portion of the revenue from the port after 15 years.
According to the project, a record one lakh jobs which includes direct and indirect ones will be created and hence the arrival of the first mother ship in September is eagerly awaited.
1 hour ago
Canada's anti-hate bill offers ray of hope amid rising Khalistani extremism
6 hours ago
Cong, Left in struggle for political existence in upcoming Assembly polls
6 hours ago
Gigi Hadid talks about her and sister Bella being named in Epstein Files: It's disturbing
6 hours ago
Dwayne Johnson on his ‘90s self: ‘Scars, callouses and no turtlenecks’
6 hours ago
Jackie Shroff pays tribute to Suchitra Sen on her 95th birth anniversary
6 hours ago
Karisma Kapoor recalls being mesmerized by Rishi Kapoor's Karz, calls him exceptional talent of Bollywood
6 hours ago
Boney Kapoor shares throwback pic of Sridevi & 4 month-old Janhvi Kapoor, recalls ‘happy memories’
6 hours ago
Meryl Streep reveals the inspiration behind her ‘The Devil Wears Prada’ character
6 hours ago
Shubhangi Atre sheds light on how she constructed her character in ‘Bhabiji Ghar Par Hain! Fun On The Run’
6 hours ago
Akshay Kumar talks about the power of an officer's uniform: Spine seedhi ho jaati hai!
7 hours ago
CEC launches ‘Gen Z Vote’ song in Kerala, youth urged to lead electoral participation
7 hours ago
Union Ministers greet 13.4 crore workers on Foundation Day, recall BJP's journey from Jana Sangh to global prominence
7 hours ago
Mahatma Gandhi was great, that doesn’t make entire state great: Udit Raj defends Kharge over Gujarat remarks
