Babu Rajeev is Vizhinjam Sea Port MD

Thiruvananthapuram, July 6 (UNI) The Kerala Government today appointed Mr C Babu Rajeev as the Managing Director of the Vizhinjam International Seaport Ltd.

Briefing newspersons here after a meeting of the state Cabinet, Chief Minister V S Achuthanandan said the senior official earlier held the posts of chairman of the Kochi Port Trust and Managing Director of the Cochin International Airport Ltd (CIAL).

The Kerala government was according utmost priority to the implementation of the project which has a huge potential to boost the economy of the state.

The project structured in public-private partnership (PPP) format is envisaged in three phases. The estimated cost of the Phase I development is Rs. 1,850 crore and that for the whole project Rs 4,360 crore.

The company was set up mainly to provide external support infrastructure like road- rail connectivity, water and power supply to the port, facilitating the establishment of port-based special economic zone and free trade warehousing zones apart from overseeing the implementation of the port project by the private developer.

UNI