Adani gets Vizhinjam green light

Adani gets Vizhinjam green light

Mumbai: The local government in Kerala has given Adani Ports and Special Economic Zone Limited (APSEZ) the green light to go ahead with the construction and operation of the Vizhinjam container transhipment port, a project that has been on the cards for more than a decade.

Adani was the sole bidder for the project, which belatedly looks to claw back some of the transhipment volumes that Colombo, just 175 nautical miles away, has built up in the past 10 years.

Meanwhile, APSEZ is readying to raise funds through dollar bonds, the company’s first foreign currency bond issue, which will launch later this week. The firm is looking to raise up to $1.5bn from the issuance.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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