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VPA-OSL ink agreement

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OSL to revamp WQ-6 at Rs 165 crores

In yet another step towards the asset monetization model and to become a landlord port VPA signed a concession Agreement for “Revamping of existing West Quay – 6 (WQ-6) terminal in the Northern arm of Inner Harbour at Visakhapatnam Port”.

This agreement was signed with Concessionaire M/s. Integrated Cargo Terminal Private Limited, a subsidiary SPV of Orissa Stevedores Limited (OSL Group) for handling all types of Dry Bulk Cargo on DBFOT basis for 30 years.

As per VPA the proposed facility is Semi-mechanization of the existing WQ-6 Berth with a Berth length of 255 Mtrs, draft of 14.00 Mtrs and can cater upto 210 Mtrs. LoA Vessels.

The project envisages installation of two new Harbour Mobile Crane (HMC) of 1200 TPH with lifting capacity of 100 T, 2 Mobile Hoppers, Stock pile strengthening, installation of dust suppression system with monitors, electrical works, STP works along with other handling equipment i.e. Cranes, Loaders, Trucks, Fork lifts etc. with an total  investment of  Rs.165.70 Crores.

As per details shared the facility can handle all types of dry bulk cargos with handling capacity of 5.18 MMTPA. 

The proposed terminal has an in built advantage of having back up area of 2.5 acres adjacent to the Berth for temporary storage of cargo and about 12.5 acres of stack yard within 2 KM from the Berth front.

The entire construction work including installation of new HMC and other project facilities is likely to complete within 18 months from the date award of concession.

The proposed facility is likely to generate employment to at least 100 direct and indirect employment.

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