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Machilipatnam port project to start in 2020, says AP transport minister

03-12-201903-12-2019 12:47:56 IST
2019-12-03T07:17:56.137Z03-12-2019 2019-12-03T07:17:53.424Z - - 02-04-2020

Machilipatnam port project to start in 2020, says AP transport minister
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The state government is planning to begin the construction work on the Machilipatnam Port Project in 2020 confirmed Andhra Pradesh Transport Minister Perni Venkataramaiah on Monday. Addressing a gathering at a Science Fair and Exhibition, the minister said that the state government will develop the project 'at any cost'.

Giving out the details of the project construction, the Venkataramaiah said that the 'three or four banks are likely to grant loans to the extent of Rs 4,000 crores." A fresh Detailed Project Report (DPR) for the development of the Machilipatnam Port would be submitted to the government. Consultancy firm RITES has been entrusted with the task of preparing the DPR end of this month.

Former CM Chandrababu Naidu had laid the foundation stone for the deep seaport in February 2019. The project was estimated to cost Rs 12,000 crore. 

Chief Minister YS Jagan Mohan Reddy has asked RITES to submit the DPR for Machilipatnam Port in December 2019 itself as against the actual schedule of January 2020, the minister said.

 


Sharat Bhamidi


With 5 years of experience in Digital Media, Sharat Bhamdi specialises in creating content for webistes, developing ad campaigns and social media campaigns. At NewsSting, he handles the video division where he brings in content through feature videos and interviews.
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