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Kerala issues letter of award (LOA) to Adani Ports

Last month, the Cabinet had accepted the bid of the Adani Ports to develop the project, which had no takers in the past despite several rounds of bidding.

Written by Shaju Philip | Thiruvananthapuram | Updated: July 14, 2015 1:38 am

The Congress Government in Kerala on Monday issued the letter of award (LOA) to Adani Ports and Special Economic Zones Limited for the construction and operation of the proposed Vizhinjam international container transshipment port on PPP model.

Last month, the Cabinet had accepted the bid of the Adani Ports to develop the project, which had no takers in the past despite several rounds of bidding. First phase of the project would cost Rs 7,525 crore.

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Of this, Adani Group would invest Rs 2,454 crore and has sought a grant of Rs 1635 crore from state and central governments.

The LOA issued to the company said the grant of Rs 1635 crore has been accepted. As the next step, the Adani Ports has to execute the concession of agreement within 45 days of the receipt of the LOA.

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  1. M
    murty
    Jul 13, 2015 at 10:16 pm
    Rahul Baba the congress prince Why your party govt is encouraging Adanis,Suit boot walas???Stop the award???
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    1. P
      Palengri
      Jul 13, 2015 at 11:07 pm
      Probably Mr.Narendra Modi influenced Congress Party including Rahul Baba to award this issued the letter of award (LOA) to Adani Ports and Special Economic Zones Limited for the construction and operation of the proposed Vizhinjam international container transshipment port on PPP model. Palengri
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      Adda