VISAKHAPATNAM: Modernisation of port will be complete by 2019, if everything goes as planned by the Visakhapatnam Port Trust (VPT) authorities.
On Sunday, addressing the media in the city, VPT chairman MT Krishna Babu said that the modernisation of VPT includes increasing container trade, doubling capacities of inner harbour, structures with modernise berthing, multi-modal parks to be set up, free trade zones, clean cargo provision and to improve rail and road connectivity inside the port.
He further added that once the modernisation project is complete, the port’s handling capacity can be augmented to 135MT (million tonne) from the existing 98MT. The project is estimated to cost Rs 5,000 crore, but only 50% of the works are completed so far.
In order to face a challenging competition from the nearby private ports including Gangavaram and Kakinada ports on freight volumes and cargo handling, the project was taken up by the port.
According to the management the proposed investment for modernisation will help in capacity augmentation to 135MT, which would add more berths, improve in evacuation infrastructure, boost clean cargo terminals, for paperless develop information technology, seamless, transparent transactions, sustainability through environmental sensitivity and generation of non-conventional energy through its 10MW solar power plant owned by the port at its own site close to Vizag Airport.
So far about eight sub-projects of the modernisation were completed and work on five other major sub-projects are still going on under various stages.
Krishna Babu said that they have done some work on railway line improvements and road improvements as well as part of the modernisation. Measures have been taken to improve ship change-over time and mechanisation of berths and installation of state-of-the-art equipments which are all slated to be completed by 2019.
News Source: energy.economictimes.indiatimes.com
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