Thiruvananthapuram: The Kerala government has accepted the Central Government’s ₹817.80 crore Viability Gap Fund (VGF) for the Vizhinjam International Seaport project. The funding is expected to provide crucial financial support for the port’s infrastructure development and ensure its timely completion.
The Vizhinjam Port, being developed as a major transshipment hub, is a key project for Kerala’s maritime sector. The state government had earlier sought central assistance to bridge financial gaps in the project, and the latest fund allocation is seen as a significant boost.
With this funding, authorities aim to accelerate construction and operational readiness, enhancing Kerala’s position in global maritime trade. The port is expected to reduce India’s dependence on foreign transshipment ports and boost the state’s economy through increased trade and logistics operations.
