Financial Daily from THE HINDU group of publications
Thursday, Jan 26, 2006
Financial Daily from THE HINDU group of publications Thursday, Jan 26, 2006 |
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Logistics
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Shipping Machilipatnam port revival bid Our Bureau
Kakinada , Jan. 24 THE Andhra Pradesh Government is taking steps to revive the Machilipatnam port in Krishna district, according to Mr. N. Sridhar, the State Director, Ports. According to Mr Sridhar, four companies including Reliance and L&T have evinced interest in developing the port and the representatives of the companies have visited the port town earlier this month and inspected two possible sites. "Two sites - one at Gilakaladindi and the other at Gogulery creek - are being considered,'' he has said. The project will cost Rs 1,200 crore and the feasibility report has been prepared by L&T. The State Government has decided to allocate 6,000 acres of land for the project. "After further discussions with the bidders, a clearer picture may emerge by March-end,'' he said.
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