Prime Minister Narendra Modi, in a virtual ceremony from New Delhi, inaugurated multiple projects and laid the foundation stones for significant developments at the Visakhapatnam Port Authority. The port is undergoing substantial transformation with a focus on mechanization efforts in collaboration with the Private-Public Partnership (PPP) model.
Notably, the mechanization initiatives are centered around four key berths, namely EQ-7, WQ-7, WQ-8, and WQ-6, entailing an impressive investment of Rs 655 crore. Prime Minister Modi presided over the foundation stone-laying ceremonies for these projects, marking a pivotal moment in the development of the port.
Furthermore, the inauguration of the Phase II extension at the Visakha Container Terminal was a significant highlight of the event. This project, executed under the DBFOT (Design, Build, Finance, Operate, Transfer) framework, comes at a total cost of Rs 633 crore. The dedication and foundation stone-laying ceremonies took place at the Visakha Container Terminal premises, and they witnessed active participation from a multitude of stakeholders, including officials from the Visakhapatnam Port Authority, employees of Visakha Container Terminal Pvt. Ltd., JM Baxi, Bothra, and of course, Prime Minister Narendra Modi. This initiative signifies a major step in the growth and modernization of the Visakhapatnam Port.
|Inauguration of projects and laying of foundation stones
|Visakhapatnam Port Authority, Virtually from New Delhi
|Mechanization projects (Berths EQ-7, WQ-7, WQ-8, WQ-6)
|Rs 655 crore
|Phase II extension of Visakha Container Terminal
|Rs 633 crore
|Project Execution Method
|DBFOT (Design, Build, Finance, Operate, Transfer)
|Visakhapatnam Port Authority officials, Visakha Container Terminal Pvt. Ltd. employees, JM Baxi, Bothra, PM Modi