Wednesday, 26 September 2012

Vizhinjam Board Meet scheduled on 26 September 2012

A meeting of the Board of Directors of Vizhinjam International Seaports Limited (VISL) is to be held on 26 September 2012 to be chaired by the Chief Minister Oommen Chandy. The important agenda will be to discuss steps to be taken to obtain the environmental clearance for the Vizhinjam Port Project, worth INR 4010 crore. The VISL Board will go into the details of the Engineering, Procurement and Construction (EPC) contracts as well as the tenders that will have to be floated. A top Government official said: “Our first priority now is to win the clearance. Once the clearance is gained, there will be more numbers of bidders to take up the role of the operator, with better offers than the sole offer from Welspun we received last time. Further, the Government’s commitment in the matter of building this port is also fully evident now and that is sure to generate a new enthusiasm among prospective bidders”. For the project, the landlord model will be followed; it means that it will be the responsibility of the VISL to create the basic infrastructure. The State Government owns VISL.



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