Completion of the Vizhinjam Port is 17 years ahead of schedule; Kerala Govt-Adani Agreement aims for 2028.
Written By: Team GSL | 01 Dec 2024 Kerala government, Adani sign agreement to complete Vizhinjam project by 2028. As part of preparations for the commissioning of the Vizhinjam International Seaport in December, the Kerala State government has signed a supplementary concession agreement with Adani Vizhinjam Private Port Limited (AVPPL), extending the project timeline by five years. This agreement follows the State government’s decision to withdraw arbitration proceedings against the Adani Group. The arbitration was initiated because AVPPL failed to meet the original project deadline, which was set for 2019 under the initial agreement. The supplementary agreement signed now stipulates that all remaining phases of the project must be completed by 2028, instead of the 2045 timeline specified in the original contract. To meet this new deadline, AVPPL is required to invest ₹10,000 crore to complete the second and third phases of the project.
