Vizag port to finalise bids for extension of container terminal
11 years, 6 months ago

Vizag port to finalise bids for extension of container terminal

The Hindu  

New Year may usher in good news on containerisation front for Visakhapatnam Port with revised plans in place to finalise bids for extension of the existing container terminal at a cost of Rs. After scrapping the Letter of Award issued to Visakha Container Terminal Private Limited to extend existing terminal following serious differences over sharing of revenue, the board of trustee of the port decided at its recent meeting to issue Request for Proposals among seven firms who were declared qualified. VCTPL was the lone bidder which had submitted the price bid whereas others declared qualified, Adani, Simplex Infrastructure, NEC, Gangavaram Port Limited, Welspun & Leighton and Gammon India, did not respond. The port is also planning to invest Rs.2,000 crore on developing a satellite port near Bheemunipatnam and will have 89 per cent equity in the Greenfield major port coming up at Durgarajupatnam in Nellore district.

Port Bid Terminal Container Terminal  extension  seven  limited  major  terminal  finalise  container  vizag  letter  bids  existing  visakhapatnam  crore  port  bid

History of this topic

Rs 504.22 Crore Allocated by India to Its 2 Foreign Ports
4 days, 3 hours ago

Rs 504.22 Crore Allocated by India to Its 2 Foreign Ports

Deccan Chronicle  

Kakinada: Shipping Minister Sarbananda Sonowal has said the Union Government had allocated Rs 504.22 crore for two Indian Foreign Ports that are operational globally—the Chabahar Port in Iran and the Sittwe Port in Myanmar. Similarly, for the Myanmar port, we allocated Rs 4.22 crore for the fiscal year 2024-25, of which Rs 3.97 crore was spent,” he told Parliament. “In …

Vizhinjam crosses another milestone by handling 4 lakh TEU containers
Trending News
3 weeks, 3 days ago

Vizhinjam crosses another milestone by handling 4 lakh TEU containers

The Hindu  

The Vizhinjam International Seaport has crossed the milestone of handling 4 lakh twenty-foot equivalent units containers by facilitating the berthing of 202 ships since the trial run of the port began in July 2024. Of the 4 lakh TEU of cargo it handled, 1.5 lakhs TEU containers were during the trial run period, and the remaining 2.5 lakhs TEU during …

Vizhinjam port generates ₹32 crore tax for Kerala, ₹181 crore revenue for AVPPL
4 weeks ago

Vizhinjam port generates ₹32 crore tax for Kerala, ₹181 crore revenue for AVPPL

The Hindu  

The Kerala government has received a sum of ₹32.63 crore as tax from the Vizhinjam International Seaport by way of facilitating the berthing of 193 ships and handling 3.83 lakhs TEU cargo so far. The port concessionaire, Adani Vizhinjam Private Port Limited, has also received ₹181 crore in port revenue. Vasavan, the construction works under the second and third phases …

VOC port gears up for capacity expansion to boost trade efficiency
3 months, 1 week ago

VOC port gears up for capacity expansion to boost trade efficiency

The Hindu  

Chidambaranar Port is set to increase its capacity to better serve trade demands. During the financial year 2024-2025, the port has handled a cargo volume of 29.70 million tonnes including 5.62 lakhs TEUs of the containers marking an overall growth of 1.87% and 6.74% respectively. To support the growing cargo handling requirements, the port has launched strategic capacity augmentation and …

Odisha's Subarnarekha port all set to take shape
3 months, 2 weeks ago

Odisha's Subarnarekha port all set to take shape

New Indian Express  

BHUBANESWAR : With the state government focusing on port-led industrialisation, the much-awaited all-weather Subarnarekha port along the Bay of Bengal is all set to take shape. Sanctioned in 2008, the proposed multipurpose port adjacent to the mouth of Subarnarekha river near Chaumukh village in Balasore district was initially stalled due to land acquisition hurdles, alienation for connectivity to the port …

Vizag Port Awards Concession for Revamping West Quay-6 Terminal
3 months, 3 weeks ago

Vizag Port Awards Concession for Revamping West Quay-6 Terminal

Deccan Chronicle  

Visakhapatnam: Visakhapatnam port has awarded a concession to Integrated Cargo Terminal Pvt. Ltd., a special purpose vehicle of Orissa Stevedores Limited, for revamping the West Quay-6 Terminal. Key features include the installation of two new Harbour Mobile Cranes with a lifting capacity of 120 tonnes each and a throughput capacity of 1500 tonnes per hour. The terminal will also have …

Move to set up LNG terminal, mechanised fertilizer handling berth at New Mangalore Port dropped, says Union Minister
3 months, 3 weeks ago

Move to set up LNG terminal, mechanised fertilizer handling berth at New Mangalore Port dropped, says Union Minister

The Hindu  

An initiative to set up a LNG terminal at New Mangalore Port on public-private partnership basis was dropped owing to the non-availability of sterile area in the port for the terminal, according to Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways. The Minister said that another initiative to set up a mechanised fertilizer handling berth with silo storage and …

Kerala, Adani Ports sign supplementary agreement to enhance Vizhinjam Seaport development
4 months ago

Kerala, Adani Ports sign supplementary agreement to enhance Vizhinjam Seaport development

Deccan Chronicle  

Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Thursday announced the signing of a supplementary concession agreement between the state government and Adani Vizhinjam Port Private Limited, ensuring the future development of the international seaport, the first phase of which is now slated for commissioning next month. As the 2nd & 3rd phases near completion by 2028, an investment of?10,000 crore …

NDA govt to revive Krishnapatnam port, says Somireddy
9 months ago

NDA govt to revive Krishnapatnam port, says Somireddy

Deccan Chronicle  

Sarvepalli MLA Somireddy Chandramohan Reddy has said the NDA government would revive the Krishnapatnam Port Container Terminal project in Nellore district. In a meeting with Adani Krishnapatnam Port management on Friday, the MLA joined by leaders from Telugu Desam, BJP, Jana Sena, and CPI, discussed the pressing issues including the terminal's idle state, labour wages, and economic repercussions. "Before 2019, …

Cabinet clears ₹76,220-crore all-weather port in Maharashtra
9 months, 1 week ago

Cabinet clears ₹76,220-crore all-weather port in Maharashtra

Hindustan Times  

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved setting up a major all-weather port at Vadhavan near Dahanu in Maharashtra at an estimated cost of ₹76,220 crore, in a decision aimed at bolstering India’s maritime infrastructure. The project will be constructed by Vadhavan Port Project Limited, a special purpose vehicle formed by Jawaharlal Nehru Port Authority …

Centre Approves Rs 76,200-Crore For Development Of Greenfield Major Port At Vadhavan
9 months, 1 week ago

Centre Approves Rs 76,200-Crore For Development Of Greenfield Major Port At Vadhavan

ABP News  

New Delhi, Jun 19 The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore all-weather greenfield deep draft major Port at Vadhavan in Maharashtra, according to an official statement. According to the statement, the Cabinet, chaired by Prime Minister Narendra Modi, also approved establishing the road connectivity between the port and national highways by the Ministry of Road …

AP Building Robust Infra Post Bifurcation
10 months ago

AP Building Robust Infra Post Bifurcation

Deccan Chronicle  

VISHAKHAPATNAM: Andhra Pradesh has embarked on building robust infrastructure post bifurcation in 2014. Of all the regions, north coastal Andhra Pradesh became the biggest beneficiary having green field Bhogapuram International Airport in Vizianagaram district and Mulapeta Sea Port in Srikakulam district. GMR Visakhapatnam International Airport Ltd signed the concessional agreement to develop, operate and maintain Bhogapuram International Airport with Andhra …

Karnataka Budget promises ₹3,000 crore for fisheries sector, reiterates development of major ports in Uttara Kannada
1 year, 1 month ago

Karnataka Budget promises ₹3,000 crore for fisheries sector, reiterates development of major ports in Uttara Kannada

The Hindu  

Chief Minister Siddaramaiah on Friday, February 16, announced setting apart ₹3,000 crore for the all-round development of the fisheries sector even as he reiterated the proposals to construct all-weather ports at Keni and Pavinakurve in Uttara Kannada district, while presenting the 2024-25 Budget. New ports Mr. Siddaramaiah said the government expects an investment of ₹20,000 crore in the coming years …

Vizag Port to achieve audacious' 80 MTs turnover this fiscal
1 year, 2 months ago

Vizag Port to achieve audacious' 80 MTs turnover this fiscal

Deccan Chronicle  

Visakhapatnam: Even as the Visakhapatnam Port has turned 90-year plus, it is on the verge of surpassing an “audacious” turnover of 80 million tonnes by March 31, 2024. “The port has already achieved 60 MTs this year-end,” Visakhapatnam Port Authority Chairman M. Angamuthu disclosed on Wednesday, while outlining a forward-looking plan for the Vizag port that started operations from October …

Explainer: Vizhinjam port in Kerala and its potential in India’s maritime trade
1 year, 5 months ago

Explainer: Vizhinjam port in Kerala and its potential in India’s maritime trade

Hindustan Times  

With the docking of the first ship on Sunday, the under-construction Vizhinjam International Seaport, the country’s first deepwater container transshipment terminal, near Thiruvananthapuram in Kerala will mark a significant milestone. Located just 10 nautical miles from the international shipping line and gifted with a natural depth of 18 metres, the port has the potential to give a tremendous boost to …

Visakhapatnam Port Authority ranks third in cargo transportation
1 year, 6 months ago

Visakhapatnam Port Authority ranks third in cargo transportation

Deccan Chronicle  

Visakhapatnam: The Visakhapatnam Port Authority has ranked third among all major ports in India in terms of cargo transportation for the period April to July 2023. The Union ministry of ports, shipping and waterways reviewed the performance of major ports during this period and found that VPA had handled 33.14 million tonnes of cargo, registering a growth of 3 per …

Andhra Pradesh: Port City Gets Cruise Terminal
1 year, 6 months ago

Andhra Pradesh: Port City Gets Cruise Terminal

Deccan Chronicle  

VISHAKHAPATNAM: Union minister for ports, shipping and waterways Sarbananda Sonowal inaugurated projects worth Rs 333.56 crore in the port city on Monday. The diverse tourist attractions within Visakhapatnam and the surrounding AP region, including beaches, temples, historical sites, cultural attractions and natural beauty make it an ideal location for cruise ships to dock and tourists to explore the city.” A …

TNPCB to hold public hearing on Adani Kattupalli Port expansion on September 5
1 year, 7 months ago

TNPCB to hold public hearing on Adani Kattupalli Port expansion on September 5

The Hindu  

The Tamil Nadu Pollution Control Board will hold a public hearing on the expansion of Adani group’s Kattupalli Port in Tiruvallur district on September 5. The expansion, as mentioned in the “Proposed Revised Master Plan Development of Kattupalli Port”, involves accommodating all the berths as multipurpose cargo port with transloading facilities, backup facilities and independent port craft facilities, waste reception …

Port of Visakhapatnam handles 73.73 mn tonnes of cargo
2 years ago

Port of Visakhapatnam handles 73.73 mn tonnes of cargo

Deccan Chronicle  

VISAKHAPATNAM: For the fiscal year 2022-23, the Port of Visakhapatnam handled 73.73 million tonnes of cargo, the highest in the port's history, compared to 69.03 million tonnes during the same period in the previous year, representing a 7 per cent increase. The previous highest was 72.72 million tonnes achieved in the 2019-20 financial year, said the chairman of Visakhapatnam Port …

Visakhapatnam port to get ‘landlord’ status
2 years ago

Visakhapatnam port to get ‘landlord’ status

Deccan Chronicle  

Visakhapatnam: The Visakhapatnam port, given its 7.5 per cent increase in cargo transport growth, will be transformed into a landlord port by the end of 2023, Union minister for ports, shipping and waterways Sarbananda Sonowal announced at the valedictory session of the Global Investors Summit on Saturday. Sonowal said that while six projects worth Rs 658 crore awarded in January …

RS query on Visakhapatnam as trans-shipment hub
2 years, 8 months ago

RS query on Visakhapatnam as trans-shipment hub

Deccan Chronicle  

Vemireddy Prabhakar Reddy, Member, Rajya Sabha Q: Whether the ministry has received suggestions from stakeholders to make Visakhapatnam a trans-shipment hub. A: Ministry of ports, shipping and waterways is in receipt of suggestions from stakeholders to make Visakhapatnam a trans-shipment hub. Developing a port into a trans-shipment hub will accrue significant benefits, such as forex savings, foreign direct investment, increased …

Ports minister\'s call to get Vizag\'s Cruise Terminal ready by 2023
2 years, 10 months ago

Ports minister\'s call to get Vizag\'s Cruise Terminal ready by 2023

Deccan Chronicle  

Visakhapatnam: Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, on Monday reviewed the progress of various projects at the Visakhapatnam Port. The total investment cost for the projects being implemented by the port is around Rs 1,446 crore. The minister, on a two-day visit, directed the port management to complete the Cruise Terminal here on a priority basis, saying …

Mega marine tourism project in Vizag port on anvil
3 years, 6 months ago

Mega marine tourism project in Vizag port on anvil

Deccan Chronicle  

VISAKHAPATNAM: An International Marine Cruise Tourism will be introduced in Visakhapatnam with the launch of cruise Panamax vessels to key tourism destinations including Singapore and Sri Lanka from Vizag port, according to the combined plans and efforts of the Centre’s ministry of tourism, and ports, shipping and waterways. A cruise terminal berth attached with a modern terminal building is being …

Cong says Kerala govt, Adani colluding to delay Vizhinjam Port
5 years, 3 months ago

Cong says Kerala govt, Adani colluding to delay Vizhinjam Port

The Quint  

Thiruvananthapuram, Dec 5 At a time when Kerala's dream port project - Vizhinjam - should have been in operation, the state Congress-led opposition on Thursday alleged that the Pinarayi Vijayan-led Kerala government was hand in glove with Adani group chief Gautam Adani, which could result in the project getting delayed indefinitely. What's even unfortunate is yesterday Vijayan and his team …

VPT plans project to handle two super ships at a time
6 years, 9 months ago

VPT plans project to handle two super ships at a time

The Hindu  

The Visakha Container Terminal Private Ltd, a BOT operator of the Visakhapatnam Port Trust, has decided to launch work on its ambitious expansion project for simultaneous handling of two super post-Panamax ships. At the recent board meeting of the port, time till October 31 was given to the VCTPL to take up work on the terminal extension project. The cost …

Plan to develop fishing harbour with ₹40 cr: Ganta
7 years, 5 months ago

Plan to develop fishing harbour with ₹40 cr: Ganta

The Hindu  

HRD Minister Ganta Srinivasa Rao on Saturday said the Visakhapatnam Fishing Harbour would be modernised with world-class facilities by spending ₹40 crore promised by the Centre. He disclosed this while laying the foundation stone for a modern fish market at the harbour at a cost of ₹2.75 crore and inaugurating a solar hybrid dry fish storage godown and chilled unit. …

Vizag port to get a facelift with ₹1.69 cr.
7 years, 6 months ago

Vizag port to get a facelift with ₹1.69 cr.

The Hindu  

Visakhapatnam Port Trust has launched a massive beautification operation at a cost of ₹1.69 crore to give a new look to its surroundings. Buoyed by its ranking as the second cleanest among all the 12 major ports by an independent agency after Haldia Dock in May, the port directed all the departments and its users to not only maintain a …

Tamil Nadu port casts a shadow on Dugarajapatnam port
7 years, 11 months ago

Tamil Nadu port casts a shadow on Dugarajapatnam port

Deccan Chronicle  

Visakhapatnam: The mega trans-shipment hub planned at Enayam in Tamil Nadu casts a shadow on the major port project proposed at Dugarajapatnam in Andhra Pradesh. AECOM which was asked to re-conduct the techno-economic feasibility of the project had pointed that the container projection may further decline in case another new trans-shipment hub comes up on the Southern tip of the …

Sagarmala Project: Karnataka seeks Rs 8,741 crores for fresh skill development projects
8 years, 2 months ago

Sagarmala Project: Karnataka seeks Rs 8,741 crores for fresh skill development projects

Firstpost  

Sagarmala,the port-led industrialization project is expected to create more than 1 crore jobs throughout India and Karnataka expects to tap a chunk of it by investing in fresh ideas. Sagarmala Project is likely to get more funds from the government in the upcoming Union Budget as the Karnataka state government has approached the Ministry of Shipping with a host of …

Adani Ports to complete terminal expansion at Mundra next year
8 years, 8 months ago

Adani Ports to complete terminal expansion at Mundra next year

Live Mint  

New Delhi: Adani Ports and Special Economic Zone Ltd aims to complete expansion of Adani International Container Terminal Pvt. The strategy is part of Gautam Adani-led Adani Group’s plans to develop a world-class portfolio of ports and allied logistics facilities to capture the benefits of the country’s emergence as a global container transhipment hub. The project aims to create a …

Container terminal set for expansion
9 years, 10 months ago

Container terminal set for expansion

The Hindu  

Visakha Container Terminal Pvt. The new project will be operational in mid-2017 with a capacity to handle 0.54 million TEU taking VCTPL’s total capacity to 1.2 million TEU. VCTPL, which developed the existing all-weather terminal with a deep draught after signing a concession agreement with Visakhapatnam Port Trust for 30 years on June 26, 2003, will spend around Rs.820 crore …

Expansion of Visakhapatnam Port opposed
9 years, 11 months ago

Expansion of Visakhapatnam Port opposed

The Hindu  

Visakhapatnam Port Trust was at the receiving end on Friday with the pollution sufferers pouring out their woes due to open handling of coal and iron ore at an environmental public hearing to take up expansion and dredging works investing Rs.2,500 crore. Krishna Babu said that they would invest nearly Rs.200 crore in the next three to four years to …

Vizag Port to get 2 mobile cranes for handling Panamax vessels
10 years, 1 month ago

Vizag Port to get 2 mobile cranes for handling Panamax vessels

The Hindu  

As part of its preparation to handle Panamax vessels in the Inner Harbour, Visakhapatnam Port has decided to acquire two more hi-tech 100-tonne harbour mobile cranes. “We will acquire two ultra modern cranes on Build, Own, Operate and Transfer basis for which tenders will be floated shortly,” Visakhapatnam Port Chairman M.T. With its ambitious plan for total mechanisation of cargo …

Vizag Port all set to expand container terminal
10 years, 3 months ago

Vizag Port all set to expand container terminal

The Hindu  

After thrashing out the differences over its revenue and traffic projections, the Visakhapatnam Port Trust is all set to sign concession agreement on extension of container terminal with the Visakha Container Terminal Private Ltd in third week of December under the PPP mode. The prestigious project mooted three years ago with an investment of Rs.633 crore to make Visakhapatnam a …

Vizag will emerge as major export hub: official
10 years, 10 months ago

Vizag will emerge as major export hub: official

The Hindu  

Senior Economic Advisor to Ministry of Finance H.A.C. Prasad on Thursday said post bifurcation, Visakhapatnam would emerge as a major hub for exports. Dr. Prasad, who holds the rank of Additional Secretary, told The Hindu on the sidelines of an interactive programme organised by Federation of Indian Export Organisations and Vizagapatam Chamber of Commerce and Industry that the city would …

Krishna Babu vows to put VPT back on track
10 years, 10 months ago

Krishna Babu vows to put VPT back on track

The Hindu  

Senior IAS officer M.T. Krishna Babu, who took over as Chairman of the Visakhapatnam Port Trust on Monday, said he would put the port back on track by completing the capacity addition and mechanisation projects costing Rs.2,500 crore to Rs.3,000 crore in two to three years. “A clear deadline will be set and the capacity will be ramped up to …

VPT sees bright days ahead
10 years, 11 months ago

VPT sees bright days ahead

The Hindu  

Apart from mechanisation and modernisation of the port facilities, the Visakhapatnam port has also taken up automation of its processes to help create a transparent and productive port facility that matches with the best in the country, VPT Deputy Chairman G.V.L. The port looks forward to a bright year in 1914-15, as several development projects were on the verge of …

VPT registers good recovery in cargo traffic
11 years ago

VPT registers good recovery in cargo traffic

The Hindu  

Increase in draft to handle capesize vessels has led to impressive recovery in traffic by Visakhapatnam Port in the last quarter. Visakhapatnam Port was placed fifth as on February 28 by handling 52.77 million tonnes as against 53.94 million tonnes during the corresponding period last fiscal. Port authorities as well as the BOT operators exuded confidence that they would do …

Vizag port slips from third to fifth slot in cargo handling
11 years ago

Vizag port slips from third to fifth slot in cargo handling

The Hindu  

Fall in iron ore exports, diversion of transhipment cargo, and dislocation caused due to heavy mechanisation have affected cargo handling at the Visakhapatnam Port, relegating it to the fifth position among 12 major ports in the country. All the major ports put together handled 503.92 million tonne during April 2012 and February 2014 as against the previous year’s 497.97 million …

Detailed feasibility reports on VPT’s satellite port
11 years, 2 months ago

Detailed feasibility reports on VPT’s satellite port

The Hindu  

The Detailed Feasibility Reports on construction of a satellite port by the Visakhapatnam Port Trust and a captive jetty of the Rashtriya Ispat Nigam Limited are under study. In its Detailed Project Report, the Indian Ports Association had suggested RINL to achieve 10 million tonne capacity with a captive jetty at Gangavaram. However, the port idea was shelved by RINL …

Port projects worth Rs 6,000 cr cleared this fiscal
11 years, 2 months ago

Port projects worth Rs 6,000 cr cleared this fiscal

Firstpost  

The ministry has been setting aggressive targets for capacity expansion every fiscal, with an eye on the targets set in the maritime agenda, under which certain targeted capacity needs to be created by 2020. Mumbai: The Union Shipping Ministry has cleared 20 port projects involving an investment of Rs 6,000 crore, envisaging 102 million tonnes in capacity in the first …

Sterlite puts Vizag Port on notice
11 years, 2 months ago

Sterlite puts Vizag Port on notice

Deccan Chronicle  

New Delhi: Vedanta Group firm Sterlite Industries has served a notice to Vishakhapatnam Port for terminating pact with the latter, saying the state-owned port failed to dredge the entrance of the cargo berth rendering the project awarded to the company unviable. Vizag General Cargo Berth Pvt Ltd, a 74:26 joint venture between Sterlite Industries and Leighton Welspun Contractors, was awarded …

VCTPL lands Vizag container terminal project
11 years, 3 months ago

VCTPL lands Vizag container terminal project

The Hindu  

Visakhapatnam Port Trust has approved issuing a letter of award to Visakha Container Terminal Pvt. VCTPL, a joint venture of DP World and United Liners Agencies of India Ltd., had developed the existing container terminal a decade ago under the PPP model. VPT accepted the VCTPL’s revised offer of 11.44 per cent of gross revenue share from the new project …

Vedanta issue likely to figure in Visakhapatnam Port board meet
11 years, 3 months ago

Vedanta issue likely to figure in Visakhapatnam Port board meet

The Hindu  

The board of trustees of Visakhapatnam Port is likely to discuss the differences with the Vedanta in the management of mechanised coal handling facility under the aegis of Vizag General Cargo Berth Private Limited on Friday. The company contended that they were not able to handle cargo at the desired level due to failure of the port to dredge for …

"Visakhapatnam port mechanisation will bring about a lot of change"
11 years, 4 months ago

"Visakhapatnam port mechanisation will bring about a lot of change"

The Hindu  

Admitting that there was delay in initiating measures to face challenges posed by ultra modern ports coming in its neighbourhood during pre-2008, Visakhapatnam Port Trust Deputy Chairman G.V.L. Mr. Satya Kumar said with already lost time, with superior capability ports having sprung up in the vicinity, Visakhapatnam Port pursued the modernisation initiatives with utmost vigour using the instruments of Public …

Vizag Port pays dearly for slowdown
11 years, 4 months ago

Vizag Port pays dearly for slowdown

The Hindu  

The ambitious plans to make it the most preferred port of South Asia notwithstanding, the cargo handed by Visakhapatnam Port is hit hard due to economy slowdown, dislocation due to mechanisation work and a variety of other reasons. Fall in iron ore imports by China, diversion of transhipment cargo to Paradip after it commissioned single buoy mooring and decommissioning of …

ChPT container terminal project estimate up by Rs. 1300 crore
11 years, 6 months ago

ChPT container terminal project estimate up by Rs. 1300 crore

The Hindu  

The successful bidder for the Chennai Port’s mega container terminal project may have to shell out over Rs.1,300 crore additionally in view of the revision of the cost of the project. Addressing Hyderabad-based businessmen at a trade meet on Friday, Chennai Port Trust Chairman Atuly Misra said the project’s previous estimate - Rs.3,686 crore - was made in 2006-2007 and …

VPT to be lead partner in new major port
11 years, 6 months ago

VPT to be lead partner in new major port

The Hindu  

Visakhapatnam Port Trust, which is on an expansion mode, will be the lead partner in the major port coming up at Dugarajapatnam in Vakadu mandal of Nellore district. Though Nakkapalli in Visakhapatnam and Ramayyapatnam in Prakasam districts were also considered, the high-power committee set up by the government to identify suitable locations in AP, has finally zeroed in on Dugarajapatnam, …

Revenue sharing issue to delay Vizag Port extension
11 years, 9 months ago

Revenue sharing issue to delay Vizag Port extension

The Hindu  

Differences over Internal Rate of Return calculations with concessionaire Visakha Container Terminal Private Limited are likely to delay Visakhapatnam Port Trust’s ambitious project to extend the container terminal at a cost of Rs.633.11 crore. VCTPL, which developed the container terminal in June, 2003 with DP World and United Liner Agencies as the joint venture partners, emerged successful bidder for taking …

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