Mundra Port and SEZ (MPSEZ) has submitted its bid for the development of
Azhikkal in Kannur, Kerala. Last date for submission of bids was 29 October
2010.
The state government plans to develop Azhikkal port on PPP basis. MPSEZ has
submitted a proposal for a Rs 3,000 crore project to be implemented in two
phases. The company has also offered four per cent revenue share to the state
government over a concession period of 30 years.
The state government has notified 17 ports to be developed on PPP route and
Azhikkal port is one among them.
As per the proposal, the development of the proposed project will include
creation of berthing and allied facilities for cargo and container ships, a
ship-repairing yard, an oil jetty and a dry dock.
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