Krishnapatnam Port in Andhra Pradesh has decided to invest ₹500 crore for setting up a liquid cargo terminal and expanding container handling capacity to cater to the increased demand for capacity utilizations across the bulk and container segment, chief executive Anil Yendluri said adding that the company is aiming to increase the container capacity by 8 lakh standard 20-feet units to 20 lakh TEUs as part of the expansion. The container terminal expansion entails deploying more equipment and readying the yard to handle more capacity as the port is targeting to close FY19 with 6 lakh TEUs being handled as against 4.80 lakh TEUs in the year-ago period. About difficulties in getting cargo for east coast ports, he added that its performance for the last two years, where there has been a 114% and 88% growth in cargo handling, respectively. The port has utilized only 3 km of an overall 13 km sea frontage length for building berths and also has a land bank of over 7,000 acres. It is also negotiating with auto manufacturers to set up a RO-RO terminal, which can handle movement of finished cars on sea and that newer manufacturers like Kia and Isuzu are setting bases in Andhra Pradesh in close proximity of the port.
📅Published on:
12 September 2018
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