Finally, at long last, the news that the whole of Kerala and India, and Ananthapuri in particular, was waiting for.
The tender to Build, Operate and Transfer India's deepest port at Vizhinjam has been awarded to a consortium led by the Lanco Group.
The winning consortium consists of:
1. Lanco Infratec(Hyderabad)
2. Lanco Power and
3. Pembinaan Redzai Sdn Bdh(Malaysia) - Pembinaan Redzai owns some 40% of Westports Holdings Sdn Bhd which runs one of two container terminals at Malaysia's Port Klang, one of the busiest container ports in Asia. Pembinaan is also affliated to IJM Corporation Bhd, the largest construction and engineering group in Malaysia and a specialist in global BOT operations.
Work on the Rs 8,000 Crore project, by far the largest infrastructural development in Kerala, will begin in 8 - 10 months time.
Great news indeed for Kerala and one that is sure to send a shiver down the spines of the competition, lol! More soon, stay tuned.
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You can also read more at Forbes, Wall Street Journal,Business Standard or the Hindu Businessline
But you will read precious little at Kerala's "most popular daily", which chose to almost completely ignore the largest development in the State's history even when devoting columns and headlines for even trivial happenings in places other than Trivandrum. QED.