Visakhapatnam Port set to become a world trade hub
Expansion of Visakhapatnam port with Rs 4,095 Cr: Jetty capacity enhancement, automation works: Opportunity for heavy vessels in Outer Harbour: Container Terminal Expansion
Port capacity will increase from 126.89 to 141.64 million tonnes
The Visakhapatnam Port Trust is making progress with the expansion work as per the requirements. It is preparing to further increase management capacity over the next three years. Infrastructure development, jetty expansion, container terminal expansion, transportation and connectivity projects are in full swing. Once completed, it will become the address for the World Trade Center.
New plans are afoot to modernize the port at a cost of Rs 4,095 crore. Speed up of the development works under the supervision of K. Rama Mohana Rao IAS, Chairman of Visakhapatnam Port Trust. They are working diligently to complete all the work as soon as possible and make Visakhapatnam number one in the major ports of the country. The officers and staff are special for that.
Visakhapatnam Port Trust (VPT) officials are working on a plan to expand the Visakhapatnam port over the next three years. Modernization of berths, expansion of capacity and new works are being undertaken. Union Minister Mansukh Mandavia also revealed the details of the expansion of Visakhapatnam port during the recent parliamentary sessions.
In addition to funding from the central government, the Port Trust is exploring ways to generate revenue from internal sources by deepening channels and berths. 4,095 crore. Of these, Rs 3,086 crore has been allocated for 12 works. These works are designed, financed, operated and transferred (DBFWT). Rs 1,009 crore has been earmarked for nine works like construction of flyovers, transport and connectivity.
Towards modern Technology …
Rs 650 crore is being spent on modernization and integration of new technology to increase the capacity of port jetties. Mangroves, coal, gypsum, bauxite and other minerals and other major products are transported through WestQ (WQ) –7 and WQ – 8 jetties. The two jetties are being modernized at a cost of Rs 350 crore as their transport is likely to increase in the future. A plan has been drawn up to automate the EQ-7 jetty, which is heavily used for fertilizer transport. These works, designed to facilitate the packing of cargo fertilizers, will be undertaken soon.
According to13 lakh containers…
The OR-1 and OR-2 berths are being modernized at a cost of Rs 168 crore in the wake of growing demand for oil transport. This will enable it to operate oil tankers with a capacity of 80,000 tonnes. The work is expected to be completed by March 2022. Expansion work on the Rs 633.11 crore Container Terminal to promote pollution free exports and imports is expected to be completed by next March. When completed, the existing eight lakh container handling capacity will reach 13.4 lakh containers.
Container Terminal: Outer Harbour toward development
Rs 581 crore has been earmarked for the development of the Outer Harbour, which is highly usable during emergencies. Improving this will increase the transport capacity of iron ore. The General Cargo Berth (GCB) at Outer Harbour will be upgraded at a cost of Rs 444.10 crore to accommodate heavy ships. The second phase of the Rs 372.10 crore Container Corporation of India (Concor) will be undertaken to handle freight shipments to various countries.
With a capacity of 141.64 million tonnes…
The port of Visakhapatnam, which is registering a steady growth in freight traffic, is competing with the major ports in the country. It is the third largest freight forwarder in the 2019 fiscal year. The development work currently underway is likely to stand in the top two positions. The port of Visakhapatnam handled 72.72 million tonnes of cargo for the 2019–20 financial year. Exports and imports of iron ore, pellets, cooking coal, petroleum products and container cargo are made from here.
Following modern strategies in freight transport from time to time .. Visakhapatnam Port Trust is on the rise. In addition to the construction of three Panamax-capacity berths in the Inner Harbour, it added enhanced oil handling capacity at Oil Refinery-3. developed Oil Refinery 1, Oil Refinery 2 berths. In addition, Harbour has set up a mobile crane with a capacity of one hundred tonnes. During the Covid period, it shipped 38.81 million tonnes of cargo during October 2020–21. The current port capacity is 126.89 million tonnes. This capacity will reach 141.64 million tonnes if the work currently undertaken is completed.
Future belongs to the Visakhapatnam Port Trust … K.Rammohan Rao chairman
Many of the works undertaken by the Visakhapatnam Port Trust will be completed by 2021 to March 2023. Once completed, the Visakhapatnam Port Trust will become a hub for international trade. In addition, construction work on the cruise terminal has started at a cost of Rs 103 crore. These will also be completed by next year. Once the cruise terminal is completed, the cruise will reach Visakhapatnam. International tourism is also booming. Visakhapatnam port is currently in terms of freight and capacity management