Plans to develop Vizhinjam as a mega port facility in the south Indian state of Kerala (see WorldCargo News June 2005 p12) have finally moved forward with the state government’s decision to sign a concession agreement with Zoom Developers of Mumbai.
Kerala Ports officials said they had selected Zoom, which has teamed up with Keidi Electrical of China and China Harbour & Engineering to execute the project, because the company had asked for debt support of only Rs987M (US$22.3), which was much lower than the government’s expectation. The other company in the race was Gammon India....
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This complete item is approximately 225 words in length, and appeared in the February 2006 issue of WorldCargo News, on page 13.
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