Lanco bags Rs 8,000 cr project in Kerala

Hyderabad, May 14 (UNI) Lanco Infratech Ltd today announced the company and its Malaysian partner Pembinan Radzai Sdn Bhd won the Rs 8,000-crore Vizhinjam International Container Port Project in Kerala.

The project is proposed to be developed as a container transhipment hub, given its 15 meter natural draft and proximity to international sea routes.

It was envisaged to be developed in four phases with an ultimate capacity of 6.5 million TEUs.

The port will be equipped with the state-of-the-art technology, equipment and highest industry service standards, according to a press release here.

The construction of the initial phase would be completed in 60 months and the other three phases will be initiated after reaching stipulated traffic levels.

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