Andhra Pradesh speeds ports and airports development
ECONOMY & POLICY

Andhra Pradesh speeds ports and airports development

For the upcoming greenfield international airport at Bhogapuram, executed by the GMR Group, Union Civil Aviation Minister K Ram Mohan Naidu, a Member of Parliament from the Telugu Desam Party (TDP), and party head and Chief Minister N Chandrababu Naidu have pledged their full support to ensure the first phase is ready by January-June 2026. Additionally, a 500-acre economic hub is being proposed near the airport to promote aviation and other industries. The government believes the stretch from Bhogapuram airport towards Visakhapatnam has the potential to become an industrial hub and attract investors. The Centre is also examining the feasibility of opening an airport in Anantapur, close to Bengaluru in neighbouring Karnataka. Currently, Andhra Pradesh has three international and three domestic airports.

The Ministry of Ports has received 29 new proposals from Andhra Pradesh, worth about Rs 33 billion, covering projects ranging from port development to the construction of coastal berths and fish landing centres. The Centre's Sagarmala marine logistics development scheme is providing financial assistance to 13 projects in Andhra Pradesh, valued at around Rs 25 billion, including Ro-Pax and passenger jetties, fishing harbours, port modernisation, and skill development.

The Visakhapatnam Port Authority and the Inland Waterways Authority of India (IWAI) have undertaken 36 projects in the state at an investment of Rs 46 billion, of which 22 projects (worth Rs 25.3 billion) have been completed. The international cruise-cum-coastal terminal was built at Visakhapatnam Port to cater to passengers from around the world.

Of the proposed 29 new projects, the ports ministry has partially funded four projects worth Rs 12 billion. For the development of Bhavanapadu Port, Ramayapatnam Port, and Machilipatnam Port, the state government has been asked to restructure the projects and explore funding through special assistance under the PM GatiShakti scheme for infrastructure development. The projects related to coastal berths and fish landing centers have been forwarded to the Ministry of Finance for approval.

After a slowdown in recent years, work on four new ports "Ramayapatnam, Bhavanapadu, Kakinada Gateway, and Machilipatnam" is expected to speed up under the new administration. These new ports are expected to increase the state's cargo handling capacity by 110 million tonnes and create 75,000 jobs. The government is also investing in improving facilities at its existing six ports.

(Source: BusinessLine)

For the upcoming greenfield international airport at Bhogapuram, executed by the GMR Group, Union Civil Aviation Minister K Ram Mohan Naidu, a Member of Parliament from the Telugu Desam Party (TDP), and party head and Chief Minister N Chandrababu Naidu have pledged their full support to ensure the first phase is ready by January-June 2026. Additionally, a 500-acre economic hub is being proposed near the airport to promote aviation and other industries. The government believes the stretch from Bhogapuram airport towards Visakhapatnam has the potential to become an industrial hub and attract investors. The Centre is also examining the feasibility of opening an airport in Anantapur, close to Bengaluru in neighbouring Karnataka. Currently, Andhra Pradesh has three international and three domestic airports. The Ministry of Ports has received 29 new proposals from Andhra Pradesh, worth about Rs 33 billion, covering projects ranging from port development to the construction of coastal berths and fish landing centres. The Centre's Sagarmala marine logistics development scheme is providing financial assistance to 13 projects in Andhra Pradesh, valued at around Rs 25 billion, including Ro-Pax and passenger jetties, fishing harbours, port modernisation, and skill development. The Visakhapatnam Port Authority and the Inland Waterways Authority of India (IWAI) have undertaken 36 projects in the state at an investment of Rs 46 billion, of which 22 projects (worth Rs 25.3 billion) have been completed. The international cruise-cum-coastal terminal was built at Visakhapatnam Port to cater to passengers from around the world. Of the proposed 29 new projects, the ports ministry has partially funded four projects worth Rs 12 billion. For the development of Bhavanapadu Port, Ramayapatnam Port, and Machilipatnam Port, the state government has been asked to restructure the projects and explore funding through special assistance under the PM GatiShakti scheme for infrastructure development. The projects related to coastal berths and fish landing centers have been forwarded to the Ministry of Finance for approval. After a slowdown in recent years, work on four new ports Ramayapatnam, Bhavanapadu, Kakinada Gateway, and Machilipatnam is expected to speed up under the new administration. These new ports are expected to increase the state's cargo handling capacity by 110 million tonnes and create 75,000 jobs. The government is also investing in improving facilities at its existing six ports. (Source: BusinessLine)

Next Story
Infrastructure Energy

Digital Economy, Renewable Energy to Boost Job Creation: Economic Survey

The Economic Survey 2024-25, presented by Union Finance Minister Nirmala Sitharaman, indicates substantial improvement in India’s labour market, driven by strong post-pandemic recovery and formalisation of the workforce. Key findings include a significant drop in the unemployment rate from 6 per cent in 2017-18 to 3.2 per cent in 2023-24. Additionally, there has been notable growth in female labour force participation, which increased from 23.3 per cent in 2017-18 to 41.7 per cent in 2023-24.Other highlights include:Over 30.51 crore unorganised workers registered on the eShram portal, suppor..

Next Story
Real Estate

Aditya Birla Housing Finance Secures Rs 8.3 Billion from IFC

Aditya Birla Housing Finance Ltd. (ABHFL), a subsidiary of Aditya Birla Capital, has raised Rs 8.3 billion through non-convertible debentures (NCDs) from the International Finance Corporation (IFC). The company stated that the funds will be used to provide housing loans to low- and middle-income groups (LIG and MIG), with a special focus on promoting homeownership among women. Additionally, a portion of the investment will support MSMEs, particularly women-led enterprises, to drive economic growth. The initiative aims to strengthen financial inclusion and uplift underserved communities in the ..

Next Story
Infrastructure Energy

Bihar to Bid Out 2,400 MW Power Plant by March

The Bihar government plans to auction the proposed 2,400 MW coal-based power plant at Pirpainti by March 2025. Part of the state's FY25 budget initiatives, the project is valued at Rs 214 billion, covering multiple power sector developments. Coal for the plant is expected to come from Eastern Coalfields, with fuel and location already determined to streamline the bidding process. Discussions are underway to finalise coal supply under the SHAKTI scheme, with a resolution expected by February. The Central government has also pledged support for fast-tracking environmental clearances to facilit..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000