Visakhapatnam Port Invests on Expansion Projects

The Vizag Port is going to invest Rs. 450 crore for the development of expansion projects including the development of a multi-cargo. The Minister of Shipping, Mr. Nitin Gadkari inaugurated many such development projects on his visit to the port.

 

He inaugurated a Container Freight station of one lakh TEU capacity which is being developed at a cost of Rs.104 crore on an area of 34 acres. He inaugurated the commissioning of 6.35 MV out of 10MW solar power plant. The power generated by the plant will meet the consumption of the port and the excess power is proposed to be sold by the third party agreements, as informed by the Ministry.

 

 

A liquid cargo berth developed on Private Sector participation at a cost of Rs. 55.38 crore was also inaugurated. The minister also reviewed the progress of two berths which is under construction.

This post was last modified on 22/08/2016 9:17 am

Leave a Comment
Published by
yovizag

Recent Posts

Escape the heat by visiting these Hill stations near Vizag

Vizag is beautiful, but when the summer starts summering, the heat can be unbearable. Luckily,…

24 hours ago

Brilliant or bizarre? 6 AI generated movies you need to see

The emergence of Artificial Intelligence has sparked numerous debates since it became accessible to the…

1 day ago

An indulgent feast: 5 Must-try delectable cakes in Vizag!

Cakes have been one of the ultimate solutions to gloomy days and a staple to…

1 day ago

5 must-watch OTT releases you shouldn’t miss over the weekend!

We're bringing another week of March to a resounding close. Ending it on a bang…

1 day ago

If you’re in Visakhapatnam, there’s no better time than now to do these 6 things

If you love trying new things and adding exciting experiences to your bucket list, you…

1 day ago

Heatwave alert issued for Visakhapatnam as dry weather prevails

The India Meteorological Department (IMD) in Amaravati has reported that Andhra Pradesh's coastal regions, Rayalaseema,…

1 day ago