Home Energy News Port & Dam News Visakhapatnam Port Trust outline​s​ Rs 3000 Cr ​expansion ​plan

    Visakhapatnam Port Trust outline​s​ Rs 3000 Cr ​expansion ​plan

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    Visakhapatnam Port Trust  has outlined expansion-cum-modernisation plan
    Visakhapatnam Port Trust has outlined expansion-cum-modernisation plan

    The Visakhapatnam Port Trust (VPT) has outlined a Rs 3,000-crore expansion-cum-modernisation plan aimed at enhancing the port’s capacity by nearly 50%. The port will spend a fourth of the total planned investment, while it will seek private partners to invest the rest by way of public-private partnerships (PPP).

    ​In his interaction with media at the East Coast Maritime Business Summit​ ​MT Krishna Babu​, Chairman, VPT​ told  that ​private players like Vedanta, Essar, SEW and ABG were finalised as the partners who would invest on modernizing the cargo-handling. With a cargo-handling a capacity of 85 million tonne, VPT is the fifth-largest Indian port. The port plans to raise a capacity to 125 million tonne and become the third-largest port in the country over the next three years.

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