Visakhapatnam Port will soon invite fresh bids for construction of two berths under public-private partnership.
“Within one or two days we would call for fresh request for qualification bids for EQ-1 and EQ-1A berths. We will soon finalise the bids and by the end of this financial year start construction,” Ajay Kallam, chairman, Vizag Port, said.
A few months ago, the port had invited tenders for construction of EQ-1 and EQ-1A berths, in which companies like L&T and Navayuga Engineering expressed interest.
However, with the Centre finalising the PPP norms for port projects, it decided to reinvite tenders. “Besides, we have changed some of the designs of the project,” Kallam said.
The two berths would cost over Rs 650 crore and the entire investment would be borne by private players. The work involves erection of mechanised handling facilities, deepening of berthing area from the existing 10 metre to 14 metre and development of backup area and stock yards.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
