Sector: Ports
Capacity: 40 mtpa (Phase 1)
Investment: Rs 119 billion (Phase I)
Ownership: PPP
Implementing agency: Government of Andhra Pradesh
Mode of implementation: PPP
Start date: Yet to be decided
Expected completion: NA
The Andhra Pradesh cabinet approved the transfer of 6,000 acres of land for the implementation of Phase I of the project in March 2020. The port, which has been pending for over a decade, is expected to get the much needed push with the plan of land pooling. The concession agreement for the project was earlier signed with Navayuga Engineering Company Limited (NECL). However, the contract was terminated. The state government is now planning to incorporate an SPV comprising the port’s key investors – Adani Ports and Special Economic Zone Limited, Visakhapatnam Port Trust and Container Corporation of India Limited. The scope of work includes the construction of a greenfield, modern, all-weather, deep-water, multi-purpose port at Machilipatnam in Krishna district. It will be implemented on a BOOT basis for a period of 50 years. The port will be developed in phases, with Phase I involving the development of four berths. Phase I will have a capacity of 40 mtpa, which will be increased to 150 mtpa in the subsequent phases.