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Concession Agreement for Vizag Multipurpose Terminal signed

by Kalpana Pandey
March 17, 2023
in News, Asia, Container Terminals, Ports & Terminals, Supply Chain
Reading Time: 1 min read
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Concession Agreement for Vizag Multipurpose Terminal signed scaled e1679027896670

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Visakhapatnam Port Authority has entered into a 30 years concession with Vizag Multipurpose Terminal, an equal joint venture between J M Baxi Ports & Logistics Limited and Indian Potash Limited. The project entails mechanisation of EQ-07 berth through PPP mode for the handling of fertilisers and other bulk cargo.

In PPP with the Visakhapatnam Port Authority (VPA), the Visakha Multipurpose Cargo Terminal is a 50:50 joint venture between J M Baxi Ports & Logistics and Indian Potash Limited. The terminal is located at the East Quay 07 (EQ-07) berth with a quay length of 255 meters. It has an available draft of 14.5 meters and is capable of handling Panamax vessels of up to 70,000 DWT and 240 meters LOA.

As a multipurpose bulk cargo terminal, it will be capable of handling all dry bulk cargo, including a state-of-the-art mechanised fertiliser handling facility. The automatic conveying, bagging and rail loading facility will make the fertiliser import handling system efficient and environmentally friendly. The terminal enjoys the advantage of Vizag port’s strategic location and excellent rail and road connectivity to the hinterland.

Target commencement date: September 2025

Tags: JM Baxi Ports & Logistics Limited (JMBPLL)Visakhapatnam Port AuthorityVizag Multipurpose Terminal
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