|Trivandrum: Union minister for shipping Nitin Gadkari announced that Vizhinjam sea port will be exempted from cabotage law. " I will see to it that the order is issued in 15 days," he said during the foundation stone laying ceremony of the port on Saturday.
The exemption from cabotage law will bring more foreign registered ships to the harbour. Chief Minister Oommen Chandy, who laid the foundation stone for the project, said the works on first phase of container terminal will be completed by September 1, 2018.
Adani group chairman Gautam Adani announced a Rs 35 crore rehabilitation package for the local people who had given up their land for the project.
Vizhinjam is the first port to get exemption from cabotage law even before works officially started.
The Rs 7,525 Cr first phase of the project, when over, will have a capacity of one million TEUs.
When completed, Vizhinjam is poised to become a transshipment hub and a gateway for cargo into the nation. It will become the second international transhippment terminal of the country after Vallarpadam in Kochi.