Kerala CM Vijayan writes to PM Modi to withdraw VGF repayment for Vizhinjam seaport
Saturday, 14 December 2024 Kerala CM Pinarayi Vijayan has urged PM Modi to waive the repayment of Rs 817.80 crore Viability Gap Funding (VGF) for the Vizhinjam International Seaport project. Vijayan argues that requiring repayment contradicts VGF guidelines and would impose a significant financial burden on the state, which has already invested Rs 5,554 crore.
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A massive explosion rocked the Singapore-flagged container ship MV Wan Hai 503 off Kerala’s coast on Monday. The underdeck blast triggered thick smoke and fire, prompting 18 of the 22 crew to abandon ship. The Indian Navy swiftly diverted INS Surat for rescue, while the Coast Guard joined evacuation efforts. The vessel, en route from Colombo to Mumbai, remains adrift and burning. The Navy is deploying a Dornier aircraft to assess the situation. The incident follows a recent cargo ship sinking nearby.
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