Thiruvananthapuram, Sep 29(UNI) Kerala Government today decided to approve the consortium led by Hyderabad-based Lanco Kondappally Power Limited, to implement the proposed International Container Transshipment Terminal at Vizhinjam, near here.
Briefing weekly-cabinet decisions to Mediapersons here, Chief Minister V S Achuthanandan said the Cabinet had given its approval in view of the Central Government's security clearance for the project.
The other partners of the consortium would be Lanco Infratech Ltd and Pembinan Redzai of Malaysia, Mr Achuthanandan said.
The project, estimated to cost around Rs 5,400 crore and being implemented on a build-operate-transfer (BOT) basis, was expected to create 5,000 job opportunities directly and another 1.5 lakh jobs indirectly About 1,088 hectares would be required to establish rail and road connectivity, warehousing, parking and other facilities for the project.
The first phase of the project, in which the State Government would have 24 per cent share holding, was envisaged to be completed within three years.
UNI CGV KVV SB VC2144