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Visakhapatnam Port Trust to take up three development projects

Friday, 29 Mar 2013
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Visakhapatnam Port Trust (VPT) is taking up three major projects in port and the finalisation of bids is being undertaken soon.

 

Three major projects, with an investment of Rs 1,800 crore, are being taken up in Visakhapatnam port.  Meanwhile the finalisation of bids for extension of container terminal (Tender), involving an investment of Rs 633 crore and for mechanisation and upgradation of existing facilities at Iron Ore Handling Complex (OHC) and West Quay North (WQ-7 and 8 berths) (Tender) will be undertaken soon. The OHC and WQ North projects will entail an investment of Rs 845 crore and Rs 393 crore respectively. The cargo mix for WQ North berths will be for handling bulk cargoes like bauxite, gypsum, blast furnace slag, manganese and other categories of ore.

 

The bids for extension of container terminal, involving an investment of Rs 633 crore, were opened on Wednesday. The bids for mechanisation and upgradation of existing facilities at iron ore handling complex (OHC) and West Quay North (WQ-7 and 8 berths) are to be opened on Thursday. 

 

The finalisation will be based on revenue sharing offered to us subject to approval by the committee of experts set up by Visakhapatnam Port Trust (VPT) and the board of trustees. The OHC project has to get the nod from the Union Cabinet. These projects, as part of the Ministry of Shipping’s decision, will be taken up under DBFOT basis. 

 
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