The Visakhapatnam port has improved its performance from the last financial year, but it is still likely to fall short of the target set by the Union Shipping Ministry. At a target of 70 million tonne, the port is likely to finish 2-3 mt short. The port’s performance should be viewed in perspective, as it is facing stiff competition from Gangavaram port for the past two years. The new port has grabbed 5 mt or more of the cargo, which used to be handled by the Vizag port, coking coal imported by Visakhapatnam Steel Plant and other cargoes. Gangavaram port is conveniently located for VSP, and the port has also installed mechanised handling facilities. In spite of the loss of a substantial chunk of cargo, Vizag has done fairly well. It has taken up a number of projects, such as the upgrading of the outer harbour general cargo berth and construction of more berths in the inner harbour with private participation, to face the challenges posed by private ports.
FlashNews:
15th Cement EXPO: A Step Forward in Cement Innovation
MOU signed between NBCC and Hindu College for development of “Centre for Advance Studies”
NBCC Signs MoU with Sahakari Awas Nirman Evam Vitt Nigam Ltd. for land development in Lucknow
REC Limited Commits ₹8.44Crore Under CSR to support 1MW solar photovoltaic power plant in the Gandhigram Rural Institute, Tamil Nadu
REC Commits ₹2.01 Cr Under CSR to Support Procurement of Health Equipments in Raipur, Chhattisgarh
RECPDCL Handovers Rajasthan IV 4A Power Transmission Limited, a Transmission Project Special Purpose Vehicle to Power Grid Corporation of India Limited
REC Limited Commits Rs. 2.92 Crore Under CSR to Enhance ITBP Medical Infrastructure
Global investors are eyeing India’s infrastructure sector
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
IIFCL Launches Strategic Document to Support Green Infra
REC Reports Record Half-Yearly Profit of ₹74.48 Billion
RAHSTA to submit policy recommendations to NHAI
Roads & Highways Builders book RAHSTA Expo
Are Projects facing a 90 percent barrier?
RAHSTA Forum sets the stage for groundbreaking discussions in roads infra
NBCC sells office/commercial space worth Rs. 14,800 Crore approx
RAHSTA Forum to kick off road and highway expo journey
Infrastructure Experts to Debate Viksit Bharat at Infrastructure Today Conclave in Delhi
Land Pooling Sinks under Flip Flops!
Home » Vizag vs Gangavaram
Vizag vs Gangavaram
Ports & Shipping
April 1, 2011April 1, 2011
Leave a Reply
You must be logged in to post a comment.