Cabinet approves Rs 475 crore rehab package of port project

Kerala cabinet today accorded sanction to a Rs 475 crore rehabilitation package to those who would be affected due to implementation of Vizhinjam Deepwater International Transhipment Terminal project.

Cabinet approves Rs 475 crore rehab package of port project
THIRUVANANTHAPURAM: Kerala cabinet today accorded sanction to a Rs 475 crore rehabilitation package to those who would be affected due to implementation of Vizhinjam Deepwater International Transhipment Terminal project here.

The package, with schemes to address the grievances and apprehensions of the local community, has been designed to be implemented in five years, Chief Minister Oommen Chandy told reporters during the cabinet briefing here.

It was worked out after discussions with all stakeholders of the multi-crore project, of which the construction and operation contract has been awarded to the Adani Group.

The CM said it would be the government's responsibility to look into damage occurring to property and land erosion during the time of construction of the port.

Compensation and rehabilitation of those affected due to the project would be implemented in accordance with the report of the Committee headed by the District Collector, he said.

Out of the total amount, Rs 350 crore is for land acquisition and house construction process, and Rs 50 crore for providing livelihood equipment for the locals, Chandy said.
ADVERTISEMENT

He said the project was likely to affect 3,000 of the 7,876 houses spread across Poonthura-Velli coastal belt.

The Latin Catholic Church had expressed fears over the Rs 7,500 crore project as it would adversely impact the livelihood of over 50,000 fishermen in 32 coastal villages.

They had even threatened to stall the project if the government went ahead without announcing a comprehensive rehabilitation package and clear apprehensions of the local people, most of them traditional fishermen.

The state government had signed a construction agreement with Adani Port on August 17.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Related Companies

More from our Partners

Loading next story
Business News › News › Economy › Finance › Cabinet approves Rs 475 crore rehab package of port project
Text Size:AAA
Success
This article has been saved

*

+