Gangavaram Port
Gangavaram Port | |
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Location | |
Country | India |
Location | Gangavaram, Visakhapatnam |
Coordinates | 17°38′11″N 83°13′07″E / 17.63639°N 83.21861°E |
Details | |
Opened | July 2009 |
Operated by | Gangavaram Port Ltd. |
Owned by | Adani Ports & SEZ (89.6%) |
Size | 2,800 acres (11 km2) |
No. of berths | 9 |
Statistics | |
Annual cargo tonnage | 64 million tonnes(2021-22)[1] |
Website www.Gangavaram.com |
Railways around Visakhapatnam | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Gangavaram Port is a
History
Construction of the port began in December 2005, and commercial operations commenced in August 2008. The port was formally inaugurated on 12 July 2009, by the Andhra Pradesh Chief Minister
The port is located where Borramma Gedda river joins the sea.[
The DVS Raju group invested Rs. 18.50 billion in the development of the port.[2] Gangavaram Port Ltd. has taken a loan of Rs. 11.70 billion from a consortium of 13 banks, including the State Bank of India, to fund the Phase I development.
Comparisons with the Vizag port
The first client of the Gangavaram Port Ltd. is the
The Union Government of India, which owns the Visakhapatnam port, had proposed a joint venture between the Visakhapatnam port and the private operator of the Gangavaram port to make sure that the Visakhapatnam port's business remains unaffected. However, this proposal was rejected by the then Andhra Pradesh Chief Minister, N. Chandrababu Naidu.
DVS Raju, while talking to reporters during the port's inauguration ceremony, insisted that it would be "complementary in nature" to the Visakhapatnam port, and not a competitor.[8]
The Gangavaram port is capable of handling Super Cape size vessels of up to 200,000 DWT. The State Government plans to construct a Rs. 21-crore four-lane flyover to the Gangavaram port.[9]
Cargo handled
The Gangavaram port handled 20.74 million tonnes of cargo during 2014-15 as against 15.81 million tonnes during the previous financial year.[10]
References
- ^ "India's Gangavaram Port to build new container terminal". 24 May 2022.
- ^ a b c "CM inaugurates Gangavaram Port". Business Standard. 13 July 2009. Retrieved 13 July 2009.
- ^ "CM to inaugurate Gangavaram port". The Hindu Business Line. 11 July 2009. Retrieved 13 July 2009.
- ^ "AP government likely to offload 10% stake in Gangavaram Port". Maritime Gateway. Retrieved 5 May 2021.
- ^ a b "Adani Ports Acquires 31.5% Stake In Gangavaram Port For Rs 1,954 Crore". Moneycontrol. 3 March 2021. Retrieved 4 March 2021.
- ^ "A hill stands between Andhra fishermen, Gangavaram port". The Hindu Business Line. 29 March 2006. Archived from the original on 7 August 2007. Retrieved 13 July 2009.
- ^ "Commission approves acquisition of 89.6% of equity shareholding of Gangavaram Port Limited ("GPL") by Adani Ports and Special Economic Zones Limited ("APSEZ") under Section 31(1) of the Competition Act, 2002" (PDF). Competition Commission of India. Retrieved 13 April 2021.
- ^ "Gangavaram port to expand capacity in a phased manner". Highbeam. 12 July 2009. Retrieved 20 October 2010.[dead link]
- ^ "Govt to build flyover to Gangavaram port". The Times of India. 30 June 2009. Archived from the original on 24 October 2012. Retrieved 13 July 2009.
- ^ "Gangavaram port handles 20.74 mt of cargo".