MoEFCC grants EC for Machilipatnam Port project

The MoEFCC has granted environmental clearance for the Machilipatnam port project. The project involves the development of a greenfield, modern, all-weather, deepwater, multipurpose port at Machilipatnam in Kri­sh­na district in a phased manner on an engineering, procurement and co­nstruction (EPC) basis. Phase I will be developed with 15 mtpa of capacity at a revised estimated cost of Rs 40 billion. Of this, Rs 10 billion will be provided by the state government as financial assistance.