Thiruvananthapuram - A tripartite agreement was signed on Wednesday between Adani Vizhinjam Port, IDBI Bank (the lead bank) and the Department of Economic Affairs (DEA) with Kerala government as the conforming party for disbursement of viability gap funding (VGF) of ₹817.8 crore due to the port developer for the Vizhinjam container transhipment port.
Adani Ports and Special Economic Zone Ltd (APSEZ) did not go for project financing to build the port, which was funded from internal resources of the company.
IDBI Bank, as a debenture holder for some ₹500 crore, was the senior lender to . . .
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