VPT terminates concession agreement for EQ-1 berth

The Visakhapatnam Port Trust (VPT) has terminated the concession agreement with Adani Ports and Special Economic Zone Limited (APSEZL) for the Eastern Quay (EQ)-1 berth development project. Reportedly, the agreement has been cancelled due to APSEZL’s failure to meet its cargo handling commitments for the past three years.