Vizag Port to invest over Rs 450 cr in expansion projects

New Delhi, Aug 19 (PTI) Vishakhapatnam Port will invest over Rs 450 crore in various projects, including development of a multi-cargo, to expand its capacity. 

Shipping Minister Nitin Gadkari yesterday inaugurated several projects during his visit to the port, the Shipping Ministry said in a release.

Gadkari inaugurated a Container Freight Station of 1 lakh TEU capacity, which would be developed at a cost of Rs 104 crore for which an extent of 34 acre land is allotted by the port, it said.

He also inaugurated the commissioning of 6.25 MW out of 10MW solar power plant. The power generated from this plant is meeting the captive consumption of the port and the excess power is proposed to be sold by third party agreements, said a statement from Ministry of Shipping.

In addition to this Gadkari inaugurated a Liquid cargo berth developed on Private Sector Participation at a cost of Rs 55.38 crore and a Multi cargo berth developed at a cost of Rs 114.5 crore.

He also laid the foundation stone for the project reconstruction of old EQ-2,3,4&5 berths into two new berths of 530 meters quay in the inner harbor taken up with port's internal resources at a cost of Rs 182 crore. Besides, Gadkari also reviewed the progress of two berths WQ-7&8under construction taken up by port with internal resources at a cost of Rs 243 crore.