Vizag to implement ` 20 billion worth projects through PPP route

Ajeya Kallam, Chairman of Vizag Port informed that the port expects to complete Rs 2,000 crore worth of capacity augmenting projects through public-private partnership mode by 2015-16.
Through these projects, the port authority plans to raise its cargo handling capacity to 140 million tonne from the present 66 million tonne. Of the nine projects, the port has already taken up six under the PPP mode with an investment of Rs 1,500 crore, he said.
He said various companies submitted their bids and by March, the port would finalise the companies.
Apart from the PPP projects, the port is investing Rs 300 crore in dredging works and also investing in improving the road and rail network for fast evacuation of cargo, Kallam said.