Thiruvananthapuram: Kerala extends Vizhinjam port construction period by 5 years, granting Adani Group 65-year operational rights. Originally 40 years, extended for funding phase II & III. Additional 5 years given due to construction challenges. Port operational rights to transfer to VISL by 2075. Initial completion set for Dec 2019, delayed. Adani Ports to hand over to VISL by 2055, extended from original 30 years. UDF govt criticized for extension. VISL to receive profit shares starting 2034, rising to 25%. Adani to invest Rs 20,000 crores in further phases. State withdraws arbitration after Adani commits to complete phases by 2028.