The Hindu Business Line : 10 cos confirm participation in Vizhinjam investors meet

AS many as 10 companies have confirmed participation in the investors meet being held as part of the efforts to rope in a developer for the proposed deep-water transhipment container terminal at Vizhinjam near here.

However, the meet scheduled for February 28 will be an informal affair in view of the seven-day mourning being observed in the State following the passing away of the Governor, Mr Sikander Bakht, a couple of days ago.

The companies that have confirmed participation include Maersk India, Ashok Leyland Project Services, L&T, Indo-British Ports Consortium and AMP Group, Australia.

The other companies making it for the meet are Malta-based Hili, Hyson Cell Technology Consortium of South Africa, East West Group, Mumbai, and Adani Exports of Gujarat.

The meetwill feature a detailed presentation on the project. The previous day, the participants will be taken on a visit to the proposed site of the project, Mr M.V. Raghavan, Minister for Ports and Co-operation, said here on Thursday.

He said the Ports Department had floated an invitation for expression of interest in the project on December 23 and the last date for submissions is March 5. The project, estimated to cost Rs 2,000 crore, is proposed to be developed in two phases. In the first phase, facilities will be created for two main lines and four feeder berths with a quay length of 1.4 km. In the final phase, the initial draft of 16 metres at the berth will be increased to 18.7 metres and facilities put in place for four main lines and nine feeder berths with a quay length of 3.5 km.

The strategic advisor for the project is IL& FS Infrastructure Development Corporation. The detailed feasibility study was carried out by L&T Ramboll in association with Rogge Marine Consulting GMBH, Germany, Ramboll, Denmark and L&T Capital Company Ltd.

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