Thiruvananthapuram: Kerala Chief Minister V.D. Satheesan has alleged that the previous LDF government waived a penalty of around ₹219 crore that Adani Port was liable to pay for delays in completing the Vizhinjam International Seaport project.
Addressing a press conference after a Cabinet meeting, Satheesan also rejected the CPI(M)’s allegation that the proposed transfer of a 49 per cent stake in the Vizhinjam project to the Mediterranean Shipping Company (MSC) was part of a “big deal.”
He said the Kerala government has not yet taken a final decision on the proposed transfer of shares by Adani Vizhinjam Port Private Limited (AVPPL) to MSC. According to him, the proposal is currently being examined by an Empowered Committee headed by the Chief Secretary.
Satheesan said the state government would take a decision on the matter only after ensuring that Kerala’s interests are fully protected.
