According to the agreement between the two, Kerala will have to provide Adani Ports Rs 400 crore when 30 per cent of the breakwater is completed and they have been knocking on the doors of the government for a while.
The state government has been caught in a debt trap and the financial position has been in tatters and hence they are unable to honour the commitment to the port builder. With time running out, the Pinarayi Vijayan government has now decided to take a loan of Rs 400 crore from HUDCO.
The Vizhinjam port has been a dream project of successive governments and was finally cleared by the then Oommen Chandy government (2011-16) and Adani Ports was the lone bidder for the project.
The work began on December 5, 2015.
