December 02, 2008

Gangavaram Port to get commissioned soon

Exim News Service reported that Gangavaram port is scheduled to be commissioned in August or September with the completion of its first phase of construction.

The satellite port, which has been built by the private sector, will have fully mechanized 24x7 cargo handling operations. It is the country’s deepest with a draught of 21 meters and hence will be able to handle 200,000 DWT ships. It is expected to attract even super Capesize vessels.

The construction of 4 of the five berths has already been completed, as part of the first phase. It will have fully automated handling facility with conveyor belts.

As per report, Rashtriya Ispat Nigam Limited would be the biggest beneficiary as Gangavaram port is situated very close by. RINL can save up to INR 130 crore a year in freight cost, as at present it imports 4 million tonnes of coking coal and limestone through Vizag Port. The port will be expanded to handle 6.2 million tonnes of cargo by 2011 to 2012, as against the 3 million tonnes planned now.