Lanco Consortium to develop Vizhinjam container terminal

Thiruvananthapuram, May 14 (UNI) The consortium, headed by Lanco Infratech Ltd, will develop the Rs 5,348-crore Vizhinjam Deep Sea Transhipment Container Terminal, Kerala Port Minister M Vijayakumar announced today.

He told newspersons here Lanco Power and Malaysian company Pembinan Radzai Sdn Bhd were part of the consortium selected for the project.

The Bid evaluation committee, headed by the Chief Secretary had recommended the consortium, he said and added a decision in this regard would be taken in the cabinet.

The others in the race included, a consortium of Zoom Developers of Mumbai -Portia Management services - Peter Fraenkel and Partners of UK, D S Constructions Ltd - Apollo Enterprises - Dubai KGL ports, Videocon Industries Ltd - Gammon India - gammon Infra - Sical Logistics and Nagarjuna Constructions - OPM, Singapore.

Vizhinjam, which is situated near the capital city has a natural depth of about 23 metres within one nautical mile from the shore and could accommodate any super tanker in the world. Besides, the international shipping route, connecting the Persian Gulf and the Far East, was only 10 nautical miles away from the port.

The project was also expected to benefit Indian companies engaged in export and import as it would save substantial foreign exchange outgo, time, costs and other transhipment risks associated with some of the other foreign ports.

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