HomeShipping & LogisticsOSL to invest Rs. 165 crores

OSL to invest Rs. 165 crores

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For revamping existing WQ-6

Visakhapatnam Port recently awarded Concession to the Concessionaire M/s. Integrated Cargo Terminal Pvt. Ltd., (an SPV of Orissa Stevedores Limited) for “Revamping of existing West Quay – 6 (WQ – 6) Terminal for handling all types of  Dry Bulk Cargo on DBFOT basis”.

As per VPA the proposed facility is for revamping of existing West Quay – 6 Berth with Berth length of 255 Mtrs, a dredge depth draft of 14.00 Mtrs. which can cater to Panamax Vessels with LoA 230 Mtrs.

The Project also envisages installation of two new Harbour Mobile Crane (HMC) of 1500 TPH with lifting capacity of 120 T,  two Mobile Hoppers along with other handling equipments i.e. Cranes, Loaders, Trucks, Forklifts etc. with a total  investment of  Rs.165.70 Crores which includes upfront payment of Rs. 77.20 Crores towards Berth.

The facility can handle all types of Dry Bulk cargoes with a handling capacity of 5.18 MMTPA. The Terminal proposed has an in-built advantage of having a back up area of 2.3 acres adjacent to the Berth for temporary storage of cargo and about 12.2 acres of stack yard within 1 Km. from the Berth front.

The proposed facility will generate employment to about 100 direct or indirect employment to locals.

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