+
Port operations of among the largest breakwater projects to start from 2020
WATER & WASTE

Port operations of among the largest breakwater projects to start from 2020

In order develop the backward Prakasam district, the Andhra Pradesh Government has taken the initiative of constructing the Ramayapatnam port. With an investment of Rs 50 billion, the Ramayapatnam port will reportedly be one of the world's largest breakwater projects. The port is expected to be a new trade address for the north-east Asian countries. 
Nearly 3,500 acre has been been allotted with Rs 4 billion land acquisition, and Rs 25 billion are to be invested for the construction of the breakwater navigation channel. The port has allocated two berths for Asia paper mill, two for Jindal and one berth for Ranko, while the remaining three berths will be developed as commercial berths. Designed to work with 13 mn tonne capacity, the port is connected to the NH-16 and is in close proximity to the Visakhapatnam-Chennai Industrial Corridor. 
Employment opportunities is expected to open with the coming of Ramayapatnam port in the region. Nearly 25,000 direct and indirect jobs are expected to be generated. Besides, Indonesia-based Asian Pulp and Paper will reportedly set up a mill at a total investment of Rs 245 billion, which will generate 6,000 direct and 12,000 indirect jobs. 
The state government has planned to raise the funds with AP Maritime Infrastructure Development Corporation. For the coming 10 years, the revenue from the Kakinada region ports and Machillipatnam region ports will be utilised for the construction of the port and by 2023. 
Tenders for development will be reportedly called once the DPR is approved. The port is expected to start operations from 2020 and traffic in the first year is expected to be 20.26 MMT, which is expected to reach 138.54 MMT by 2040-41. 
Apart from the port project, many multinational companies are reportedly ready to invest in the Prakasam district.
 

In order develop the backward Prakasam district, the Andhra Pradesh Government has taken the initiative of constructing the Ramayapatnam port. With an investment of Rs 50 billion, the Ramayapatnam port will reportedly be one of the world's largest breakwater projects. The port is expected to be a new trade address for the north-east Asian countries.  Nearly 3,500 acre has been been allotted with Rs 4 billion land acquisition, and Rs 25 billion are to be invested for the construction of the breakwater navigation channel. The port has allocated two berths for Asia paper mill, two for Jindal and one berth for Ranko, while the remaining three berths will be developed as commercial berths. Designed to work with 13 mn tonne capacity, the port is connected to the NH-16 and is in close proximity to the Visakhapatnam-Chennai Industrial Corridor.  Employment opportunities is expected to open with the coming of Ramayapatnam port in the region. Nearly 25,000 direct and indirect jobs are expected to be generated. Besides, Indonesia-based Asian Pulp and Paper will reportedly set up a mill at a total investment of Rs 245 billion, which will generate 6,000 direct and 12,000 indirect jobs.  The state government has planned to raise the funds with AP Maritime Infrastructure Development Corporation. For the coming 10 years, the revenue from the Kakinada region ports and Machillipatnam region ports will be utilised for the construction of the port and by 2023.  Tenders for development will be reportedly called once the DPR is approved. The port is expected to start operations from 2020 and traffic in the first year is expected to be 20.26 MMT, which is expected to reach 138.54 MMT by 2040-41.  Apart from the port project, many multinational companies are reportedly ready to invest in the Prakasam district.  

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code