HomeShipping & LogisticsOSL to invest Rs. 165 crores

OSL to invest Rs. 165 crores

Published on

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.

spot_img

Latest articles

Cmde Dhody takes charge at INS Kalinga

Commodore Sarvdeep Singh Dhody recently assumed Command of INS Kalinga and took over as the...

Vizag MP rakes up Cargo Pollution menace with Sonowal

Visakhapatnam Lok Sabha Member of Parliament, Mr Matukumilli Sribharat today called upon Union Minister for Ports,...

Global Tech Giant IBM unveils New Centre in Vizag

Centre to support delivery of consulting and technology services for global clients Global Technology giant...

AP inks pact with Russia to modernize Vizag’s Urban mobility needs

Moscow operates one of the world’s most extensive & technologically integrated urban transport networks In...