1. Home
  2. Infrastructure Urban
  3. WATER & WASTE
  4. Port operations of among the largest breakwater projects to start from 2020
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

11 Jan 2019 2 Min Read CW Team

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.  

Next Story
Infrastructure Transport
22 Nov 2024

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Read More
Next Story
Infrastructure Urban
22 Nov 2024

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Read More
Next Story
Infrastructure Transport
22 Nov 2024

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister
ROADS & HIGHWAYS
22 Nov 2024

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

LTTS wins project to develop smart cities in Colorado USA
SMART CITIES
22 Nov 2024

LTTS wins project to develop smart cities in Colorado USA

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility
RAILWAYS & METRO RAIL
22 Nov 2024

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Chennai Metro finishes piling work from Kodambakkam Powerhouse to Porur
RAILWAYS & METRO RAIL
22 Nov 2024

Chennai Metro finishes piling work from Kodambakkam Powerhouse to Porur

Ambuja, ACC stocks plunge after Gautam Adani's US indictments
ECONOMY & POLICY
22 Nov 2024

Ambuja, ACC stocks plunge after Gautam Adani's US indictments

Rajasthan govt and Centre to jointly run extended Jaipur Metro lines
RAILWAYS & METRO RAIL
22 Nov 2024

Rajasthan govt and Centre to jointly run extended Jaipur Metro lines

Hyderabad Civic Body Demolishes Five-Storey Building in Gachibowli
Real Estate
22 Nov 2024

Hyderabad Civic Body Demolishes Five-Storey Building in Gachibowli

Hill highway project to finish by 2026, says PWD minister
ROADS & HIGHWAYS
22 Nov 2024

Hill highway project to finish by 2026, says PWD minister

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