Finance Minister T.M. Thomas Isaac has set apart Rs.150 crore for taking up work connected with the first phase of the Vizhinjam International Container Trans-shipment Terminal.

In his budget for 2011-'12, presented in the Assembly on Thursday, the Finance Minister also earmarked Rs.18 crore for the Tankassery Port, Rs.25 crore to compensate those likely to displaced when the National Highways 47 and 17 are developed with four lanes, Rs.10 crore for preliminary work for the Kannur airport, Rs.20 crore for preparation of detailed project report for the proposed North-South Superfast Rail Corridor, Rs.20 crore for the society promoting the Kochi Mobility Hub, Rs.12 crore for constructing a gas network connecting the major towns and cities as a joint venture of KSIDC and GAIL and Rs.94 crore for the development of the National Waterways and for inland water transport.