Cabinet to decide on retendering Vizhinjam terminal
Kerala state cabinet is expected to decide on retendering the Vizhinjam international seaport and container transshipment terminal. An empowered committee chaired by the Chief Secretary arrived at a conclusion that pursuing the single bid received was not in the state's interests. The committee in turn conveyed its observations to the state cabinet. The sole bid by a Welspun Infratech-led consortium for such project had propped up its own procedural issues, holding up a decision. The consortium emerged as the sole bidder after the centre refused security clearance to Adani Ports, which too had entered the last round of bidding. Kerala government did not accept the demand by the Welspun consortium to provide a grant of Rs 479 crore, which was later revised to Rs 399.55 crore.