Considerable investments are planned through private sector participation in addition to investments through internal resources of VPT for port modernisation in the major thrust areas of deepening of channels and berths, development of new berths, modernisation and mechanisation of existing berths and improvements in connectivity and other logistics such as multi-model logistic parks, said MT Krishna Babu, Chairman, Port of Visakhapatnam.
Tag: VCTPL
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Vishakhapatnam Port poised for major expansion drive
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during a recent visit to the port.
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Vizag port may invite fresh bids for Rs 6 bn project
Visakhapatnam Port Trust (VPT) would reportedly invite fresh price bids for the Rs 633-crore contract to extend the existing container terminal from 450 metre to 850 metre. The port had earlier invited the bids to extend the container terminal and add capacity of 0.54 million TEUs in addition to the existing 0.40 million TEUs. Currently, Visakhapatnam Container Terminal (VCTPL) is handling 247,133 TEUs per annum against the capacity of 4 lakh TEUs
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VPT to shortlist bidders for berth project
Reports suggest that the Visakhapatnam Port Trust would examine the seven bids received for the Rs 300-400 crore second container berth project and would short