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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code