Vizhinjam International Seaport (VISL) has signed three separate agreements with the State Bank of Travancore, Rail Vikas Nigam and Kerala State Electricity Board for the first phase of its project. The agreement with a consortium of banks led by the State Bank of Travancore will fetch Rs 2,500 crore. Phase-I would involve the construction of a 3.5 km-long breakwater and quays. SBT’s tentative loan period will be 15 years.
With Rail Vikas Nigam, VISL agreement is to lay railway tracks for 10 km, linking the port area to the main railway line at Balaramapuram. The RVNL will be responsible for construction up to the commissioning of the railway line for operation. The MoU inked with KSEB will upgrade KSEB’s Kalayikkavila sub-station to provide 35 MW for the project during its first five years of operation and subsequently hike it to 75 MW in the long term.
Contact: VIS Tel: +91 471 654 2484 Web: www.vizhinjamport.co.in