Lanco bags Rs 8,000 cr port project

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Press Trust of India Tags : Posted: Thursday , May 15, 2008 at 2325 hrs New Delhi: :

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Private infrastructure major Lanco Infratech today said it’s consortium had won bid for the Rs 8,000 crore Vizhinjam International Container Port Project in Kerala. Lanco Infratech outbid other contenders like Videocon, Gammon, Apollo Enterprise among others to win the project, it said on Wednesday. The project was bid out by the government of Kerala in August 2007 through Vizhinjam International Seaport Limited (VISL) on a 33 years’ concessional basis. The project site is situated at Vizhinjam, about 16 km south of Thiruvananthapuram. It is proposed to be developed as a container transshipment hub and is planned to be developed in four phases with an ultimate capacity of 6.5 TEUs (Twenty foot Equivalent Unit).

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