Welspun Ready to Invest Rs 1100 crores for Vizhinjam Port

The consortium led by Welspun group includes Welspun Infratech, Welspun Corp (India) and Leighton Contractors has quoted a figure of Rs 1100 crore for the proposed Vizhinjam port project. “The bidders have requested for a grant of 479.54 crore spread over 16 years. An empowered committee led by the state chief secretary will evaluate the report submitted by IFC on the bid and a final decision is expected by the end of this week.

News Courtesy “Kerala kaumudi”

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