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Visakhapatnam Port Trust to set up new port

Wednesday, 11 Sep 2013
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Visakhapatnam Port Trust (VPT), is planning to establish a major port in Nellore district of Andhra Pradesh.


The project, estimated to cost Rs 9,500 crore, with four berths, will come up at Duggarajupatnam. Initially, the Port Trust will invest Rs 4,500 crore. The project is expected to be completed within 30 years.


RITES has prepared a feasibility report for the project. The Visakhapatnam Port Trust is planning to form a special purpose vehicle for the development of the project.


 

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