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VPA awards another PPP project

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Gives LoA for EQ6 to Eversun Marine

Implementing the Asset Monetization scheme to become a landlord Port Visakhapatnam Port Authority led by its chairman Dr. M. Angamuthu, IAS, recently issued Letter of Award for a PPP Project.

The LoA for the Development and Mechanization of existing East Quay – 6 Berth in the Inner Harbour for handling all types of Cargos on DBFOT basis was given to M/s. EVERSUN Marine Trade Private Limited, Visakhapatnam.

As per VPA the proposed facility is a Semi-mechanization of the existing EQ-6 Berth with Berth length of 255 Mtrs, which involves installing new Harbour Mobile Crane (HMC) with 1500 TPH and Mobile Hopper of 150 T along with other handling equipments i.e. Cranes, Loaders, Trucks, Forklifts etc. with an investment of Rs. 66.12 Crores, which can handle all types of cargo with a handling capacity of 2.62 MMTPA.

The facility developed is envisaged for handling vessels upto 50,000 DWT, maximum LoA of 200 Mtrs. with a beam of 32 Mtrs. at a draft of 11.50 Mtrs. 

The entire construction work including installation of new HMC and other project facilities is likely to be complete within 15 months from the date of award of concession. 

The total Concession Period is 30 years.

The proposed facility is likely to generate employment to at least 100 direct and indirect employment to locals and shall be with State of Art technology, said the release from VPA. 

Various Heads of Departments and Head of Project Monitoring Unit were also present at the time of handing over the LoA.

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