Kerala's largest and most important infrastructure project has cleared its final hurdle with the Union Cabinet giving the go-ahead at its special session today. With this, the project is all set to roll, and the Govt. will be shortly signing the agreement to develop the Rs 8000 Crore port with the Lanco-led international consortium. (Read the news here and here.)
India's deepest port is due to start construction in a year's time and the first phase is to be completed in 2012-13. Meanwhile, the CM is convening a high-level meeting to resolve issues with the acquisition of the 1088 hectares which will form the Port Zone, supporting the 6.5 million TEU container transshipment terminal.