Machilipatnam Port construction to be completed by October 2025
PORTS & SHIPPING

Machilipatnam Port construction to be completed by October 2025

In a notable development for India?s maritime infrastructure, Minister of Ports, Shipping, and Waterways Sarbananda Sonowal provided an update on the Machilipatnam Port project in Parliament. The construction, which commenced on April 21, 2023, is slated for completion by October 2025.

The Machilipatnam Port, a non-major port under the Andhra Pradesh government, is being financed with a significant term loan of Rs 39.40 billion from the Power Finance Corporation (PFC). This funding is allocated to the Machilipatnam Port Development Corporation Limited (MPDCL), a subsidiary of the Andhra Pradesh Maritime Board (APMB). Despite not being part of the central government's Sagarmala Scheme, the project is progressing with robust financial backing.

The Visakhapatnam Port Authority and the Inland Waterways Authority of India (IWAI) are also contributing to Andhra Pradesh's port sector, investing Rs 46 billion in 36 projects. Of these, 22 projects worth approximately Rs 25.30 billion have been completed, while 14 projects valued at Rs 20.70 billion are underway. Notably, a new International Cruise cum Coastal Terminal at Visakhapatnam Port is being developed to serve both international and domestic passengers.

India's port capacity has grown significantly, surpassing 2,500 Million Tonnes Per Annum (MTPA) in the fiscal year 2022-23, marking an 86% increase since 2014-15. This period also saw the cargo handling capacity at Major Ports double, demonstrating the government's commitment to improving port infrastructure and operational efficiency.

Under the Sagarmala initiative, two Centres of Excellence in Maritime and Shipbuilding (CEMs) have been established in Mumbai and Visakhapatnam. The Visakhapatnam campus, integrated with the Indian Maritime University, is the first of its kind in Asia, featuring 18 laboratories and providing engineering and technical skills training to over 10,000 students.

(FE)

In a notable development for India?s maritime infrastructure, Minister of Ports, Shipping, and Waterways Sarbananda Sonowal provided an update on the Machilipatnam Port project in Parliament. The construction, which commenced on April 21, 2023, is slated for completion by October 2025. The Machilipatnam Port, a non-major port under the Andhra Pradesh government, is being financed with a significant term loan of Rs 39.40 billion from the Power Finance Corporation (PFC). This funding is allocated to the Machilipatnam Port Development Corporation Limited (MPDCL), a subsidiary of the Andhra Pradesh Maritime Board (APMB). Despite not being part of the central government's Sagarmala Scheme, the project is progressing with robust financial backing. The Visakhapatnam Port Authority and the Inland Waterways Authority of India (IWAI) are also contributing to Andhra Pradesh's port sector, investing Rs 46 billion in 36 projects. Of these, 22 projects worth approximately Rs 25.30 billion have been completed, while 14 projects valued at Rs 20.70 billion are underway. Notably, a new International Cruise cum Coastal Terminal at Visakhapatnam Port is being developed to serve both international and domestic passengers. India's port capacity has grown significantly, surpassing 2,500 Million Tonnes Per Annum (MTPA) in the fiscal year 2022-23, marking an 86% increase since 2014-15. This period also saw the cargo handling capacity at Major Ports double, demonstrating the government's commitment to improving port infrastructure and operational efficiency. Under the Sagarmala initiative, two Centres of Excellence in Maritime and Shipbuilding (CEMs) have been established in Mumbai and Visakhapatnam. The Visakhapatnam campus, integrated with the Indian Maritime University, is the first of its kind in Asia, featuring 18 laboratories and providing engineering and technical skills training to over 10,000 students. (FE)

Next Story
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App