APSEZ advances Vizhinjam Port expansion to resolve Kerala dispute
PORTS & SHIPPING

APSEZ advances Vizhinjam Port expansion to resolve Kerala dispute

APSEZ has agreed to advance the capacity expansion of Vizhinjam Port to 2028, much earlier than the initial timeline, to settle arbitration with the Kerala government. The port will handle three million TEUs from a two km-long berth.

The Kerala government has allowed a five-year extension to complete the first phase. Rs 2.19 billion due to APSEZ will be withheld, with Rs 1.752 billion released upon project completion in 2028.

Adani Vizhinjam Port will withdraw all arbitration claims. Revenue sharing remains unchanged until 2034. A supplementary agreement is required for the new terms. The project is supported by a VGF of Rs 16.35 billion, shared by the Union and Kerala governments. The Kerala government will share 20% of its annual revenue with the Centre until the VGF is repaid.

Vizhinjam aims to compete with Colombo as a container transhipment port, with an investment of Rs 77 billion, including a Rs 40.89 billion PPP component.

APSEZ has agreed to advance the capacity expansion of Vizhinjam Port to 2028, much earlier than the initial timeline, to settle arbitration with the Kerala government. The port will handle three million TEUs from a two km-long berth. The Kerala government has allowed a five-year extension to complete the first phase. Rs 2.19 billion due to APSEZ will be withheld, with Rs 1.752 billion released upon project completion in 2028. Adani Vizhinjam Port will withdraw all arbitration claims. Revenue sharing remains unchanged until 2034. A supplementary agreement is required for the new terms. The project is supported by a VGF of Rs 16.35 billion, shared by the Union and Kerala governments. The Kerala government will share 20% of its annual revenue with the Centre until the VGF is repaid. Vizhinjam aims to compete with Colombo as a container transhipment port, with an investment of Rs 77 billion, including a Rs 40.89 billion PPP component.

Next Story
Real Estate

Centre proposes digital property law to modernise registrations

In a landmark move to modernise India’s property registration system, the Central Government has released the draft Registration Bill, 2025, which seeks to replace the 117-year-old Registration Act of 1908. The proposed legislation introduces a fully digital, paperless, and citizen-centric framework for registering immovable property — a first for India’s real estate sector. Prepared by the Department of Land Resources under the Ministry of Rural Development, the draft bill proposes key changes such as online submission and registration of documents, electronic admission and verific..

Next Story
Infrastructure Transport

GMDA Approved to Cut 1,300 Trees for Gurugram Metro Construction

The Gurugram Metropolitan Development Authority (GMDA) has obtained approval to fell 1,300 trees between Millennium City Centre and Hero Honda Chowk for the Gurugram Metro project, officials stated on Monday.A senior GMDA official mentioned that the forest department had granted clearance the previous week. The official explained that permission had been received to cut down 1,300 trees, while approval for felling an additional 500 trees on the stretch from Hero Honda Chowk to Sector 9 was expected soon. They added that the modalities for tree felling would be coordinated with Gurugram Metro R..

Next Story
Infrastructure Transport

PIB Clears East-West Corridor for Lucknow Metro Project

The Public Investment Board (PIB) has granted approval for the East-West Corridor of the Lucknow Metro, with an estimated project cost of ₹5,801 crore. This corridor, part of Phase 1B of the metro project, will cover a distance of 11.165 km, stretching between Charbagh and Vasantkunj.The decision was made during a PIB meeting held in Delhi in the first week of May, which was chaired by the Union Finance Secretary. The approval followed the clearance of the detailed project report (DPR) by the Uttar Pradesh government in March 2024. Subsequently, the Network Planning Group (NPG) provided the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?