Saturday, June 21, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Projects Infrastructure

Gadkari inaugurates Rs.1,062 Cr projects

Fiinews by Fiinews
July 13, 2018
in Infrastructure, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Port connectivity projects in progress

 

Nitin Gadkari
Minister Gadkari.

 

Nitin Gadkari, Minister of Shipping, Road Transport & Highways, Water Resources, River Development and Ganga Rejuvenation has inaugurated five port projects worth Rs.1,062 Crores in Vishakhapatnam 13 July 2018.

In addition to this, he will also laid the foundation stone for two port connectivity projects worth Rs.679 Crores.

The projects include upgradation of existing iron ore handling facility at Outer Harbour of Vizag Port at a cost of Rs.580 Crores. This would involve modernising and upgrading the 40-year old iron ore handling facility so that it can handle larger vessels of 2 lakh DWT with loading rate of 8000 MT/hour. Capacity enhancement would be to 16.20 MTPA from 12.50 MTPA. The work was awarded to ESSAR Vizag Terminals Ltd on DBFOT basis with revenue share of 31% on 14.5.2015 is was completed on 31.5.2018.

The other projects to be inaugurated include Development Berths at the inner harbour of the port at a cost of Rs.243 Crores and Post Panamax Quay Cranes costing Rs.151 Crores. The capacity of the two new berths is 6.39 MTPA and they will handle Panamax vessels of draft upto 14.5 meters. The two Post Panamax Quay cranes and four Rubber Tyre Gantry Cranes have been procured to modernise operations and make them more efficient. The cranes were commissioned in March 2018 in a record time of 12 months. They will lead to higher productivity of 27-30 moves per hour and are equipped with latest safety features.

In addition to the above Gadkari also inaugurated a high rise wall of 7.5 m constructed from Seahorse Junction to Convent Junction to prevent dust from spreading to neighbouring residential areas. It has a total length of 1,700 metres and has been constructed at a cost of Rs.10.35 Crores.

Gadkari also inaugurated the 4- laning of 4.15 Kms of port connectivity road – Phase-II, constructed at a cost of Rs.77 Crore. This will allow faster transportation of road bound cargo. Vishakhapatnam Port Trust (VPT) and National Highways Authority of India (NHAI ) hold 50:50 equity in the project. Equity of Rs.20 crore by VPT is through Sagarmala

The Minister went on to lay the foundation for two port projects worth Rs.679 Crore. The first project is for construction of Grade Separator from H-7 area to Port Connectivity Road by-passing convent Junction at a cost of Rs.60 Crore under Sagarmala. This will enable hassle free movement to cargo vehicles by providing a bypass at the busy convent junction to the Port Connectivity Road duly separating the city traffic. The project will be implemented by Visakhapatnam Port Road Company Ltd, an SPV with VPT and NHAI.

The second project is for the development of 12.7 km road connectivity to VPT from Sheelanagar Junction to Anakapalli-Sabbavaram/Pendurti-Anandapuram road (NH 16) at a cost of Rs.619 Crore. The connectivity will help the Port based cargo movement to avoid the city for both South and North bound cargo. This will connect the Port directly to Visakhapatnam city by-pass road from Anakapalli to Anandapuram. The project will be implemented by NHAI. fiinews.com

Tags: Ministry of ShippingNitin Gadkari
ShareTweetShare

Related Posts

Projects

Tech: BSNL Quantum 5G FWA soft launched

by Fiinews
June 21, 2025
0
12

Pilot launch will go live by September 2025 Bharat Sanchar Nigam Limited (BSNL) had a soft launch of BSNL Quantum...

Steel Cutting Of Navy Ship
Projects

Project: HSL holds FSS steel cutting ceremony

by Fiinews
June 21, 2025
0
11

FSS project will boost Shipbuilding Industry A ‘Steel Cutting’ ceremony of fourth of the five Fleet Support Ships (FSS) was...

PIB

Project: Anti-Submarine INS Arnala commissioned

June 20, 2025
21
Dnv Grse

Project: DNV-India deepen maritime cooperation

June 16, 2025
15
PIB

Project: Joshi underlines Wind Energy strategy

June 16, 2025
18
Mont Vert

Project: Mont Vert to build Kazakh Hospital

June 16, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Manufacturing: Minister reviews Salem Steel
  • Tech: BSNL Quantum 5G FWA soft launched
  • Project: HSL holds FSS steel cutting ceremony
  • Tender: PM officiates on Rs18600cr Odisha projects
  • Tech: LTIMindtree launches AI ecosystem

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.