The Andhra Pradesh government has
decided to allot around 700 acre more land to the Vadarevu and Nizampatnam Port
& Industrial Corridor project (Vanpic) in the state.
The proposed 700 acre land will be in
addition to the 2,000 acre already earmarked for the Vadarevu port. The Vanpic
project envisages development of a port-based industrial corridor and a shipyard
project, which includes a ship-building unit at Vadarevu Port in Prakasam
district and Nizampatnam Port in Guntur. The project will be implemented by a
special purpose vehicle called Vanpic Ports Private Ltd.
Also see:
Andhra
Pradesh cabinet approved concession pact Vanpic project (01-Sep-08)