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The Economic Times
The Economic Times

Vizhinjam: Satheesan accuses previous LDF of waiving Rs 219 cr penalty

Thiruvananthapuram: Kerala Chief Minister V D Satheesan on Wednesday strongly rejected the CPI(M)'s allegation that the proposed transfer of a 49 per cent stake in the Vizhinjam Seaport project to MSC was part of a "big deal", and accused the previous LDF government of waiving a penalty of about Rs 219 crore that Adani Port was liable to pay for delays in completing the project.

Addressing a press conference after the Cabinet meeting, Satheesan said here that the government had not taken any decision on the proposed share transfer by the Adani Vizhinjam Port Private Ltd (AVPPL) to the Mediterranean Shipping Company and that the matter was being examined by an Empowered Committee headed by the Chief Secretary.

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