HC approves implementation of Phase I of Machilipatnam Port

The Andhra Pradesh High Court has approved the implementation of the Machilipatnam Port Project, Phase I. The project involves the deve­lopment of a greenfield, modern, all-weather, deep-water, multi-purpose port at Machilipatnam in Krishna district in a phased manner on an EPC basis. Phase I will be developed with a capacity of 15 mtpa at a revi­sed es­timated cost of Rs 51.55 billion. Of this cost, Rs 10 billion will be covered by the state government as financial assistance.