September 08, 2008

Andhra CM lays foundation stone for Machilipatnam deep port

It is reported that Mr YS Rajasekhara Reddy chief minister of Andhra Pradesh has laid the foundation stone for the proposed INR 1,590 crore Machilipatnam deep water port on April 23rd 2008.

Maytas Infra led consortium consisting of Nagarjuna Construction Company, Sarat Chatterjee & Company Private Limited and SREI Infrastructure Finance Limited is developing the port that is expected to be operational within a period of 2 years. Located on the banks of Goguleru creek, the port will have 12 berths initially.

Its hinterland includes Krishna, West Godavari, Khammam, Nalgonda, Hyderabad and other Telangana districts. Once completed, it would handle export of agricultural products and coal transportation for the Vijayawada Thermal Power Plant besides catering to the shipping requirements of cement plants located in the Krishna belt.