Rs.5 bn for liquid cargo terminal

Krishnapatnam Port is looking to pump Rs 5 bn over the next 12 to 18 months for setting up a liquid cargo terminal and expanding container handling capacity. The bulk and container segment of the port is seeing an increase in capacity utilisation, which is leading to draft new plans. The proposed terminal will handle a host of commodities and is in talks with prospective clients. The expansion is expected to see an increase in container capacity by 800,000 standard 20-ft units to 2 mn TEUs.