International Finance Corp to be chief advisor for Kerala port

Kochi, Nov 13 : International Finance Corp (IFC), a member of the World Bank group, will provide advisory services to Kerala for building a greenfield port at Vizhinjam, near state capital Thiruvananthapuram.

“We are partnering with Kerala to increase capacity of its port to enable more trade and create jobs,” Lars Thunell, executive vice-president and chief executive of IFC, told reporters here Friday.

IFC will act as the principal advisor to Vizhinjam International Seaport Ltd (VISL) to structure, market and implement the project to attract investors through an open and competitive bidding process, the multilateral agency said.

This will help bring international managerial capabilities and best practices and safeguard the interests of all stakeholders, it added.

According to VISL chief executive Sanjeev Kaushik, partnership with private investors with relevant experience will bring immense efficiency for building the port.

Here is the original post.

Sponsored Links

Related Post :

• Free Quality Web site Templates | About financial – Stock market …
• Finance – EU, China pledge closer cooperation on finance, climate – Summary
• Personal Finance 101 – Tonic
• Stock market Investment using the technical analysis method
• Online Stock Trading Investing Day Trading | Learn Penny Stocks …

Other Post :

• Is it possible to get a loan to small business if the business is now 18 months old days?
• Where can I get a good deal on lease in New York or nearby areas?
• Can anyone suggest any affordable wealth manager or family office list databases to use for fundraising?
• What Would Be The Best Long & Short Term Savings/investment Accounts Or Methods For A 20 Year Old Student?
• Asian Stocks Fall to Two-Week Low on Bank Share-Sale Concerns