The Hindu Business Line : AP Govt asked to submit report on Coastal Corridor

Investment report
An area of 1.50 lakh acres has already been earmarked for the coastal growth corridor project.
In the first phase 603.58 sq km has been identified between Visakhapatnam and Kakinada.
Mittal Energy Investments, Total SA of France and HPCL keen on investing in the proposed PCPIR.

Phalguna Jandhyala

Hyderabad, May 26 A panel chaired by the Cabinet Secretary has asked the Andhra Pradesh Government to submit a report on the infrastructure development in the proposed Costal Corridor covering the districts of Srikakulam, Vizianagaram, Visakhapatnam and East Godavari District in the State.

“The officials concerned from the Union Government wanted to know more on the Costal Corridor proposal – on the basic infrastructure, industries that are likely to come up in the region and on connectivity issues. A presentation would be made before them at a meeting on Tuesday,” an official told Business Line.

State Government officials at the meeting will also give replies to the other clarifications sought by the panel on infrastructure facilities in the proposed petroleum, chemical and petrochemical investment region (PCPIR) in the Visakhapatnam-East Godavari region.

This is the third time that State Government officials have been called to make a presentation before the panel headed by the Cabinet Secretary, Mr K.M. Chandrasekhar.

An area of 1.50 lakh acres has already been earmarked for the coastal growth corridor project and as part of the first phase 603.58 sq km has been identified between Visakhapatnam and Kakinada for investments in various infrastructure projects.

“They also wanted to know how we are looking at integrating infrastructure development for the Costal Corridor and the PCPIR projects,” the official said.

Petrochem region

Andhra Pradesh has emerged as one of the prime contenders for the proposed PCPIR project which is expected to attract an investment of Rs 3,43,000 crore. The other States that evinced interest are Gujarat, West Bengal, Karnataka, Orissa and Tamil Nadu.

Mittal Energy Investments, Total SA of France and oil refining and marketing major Hindustan Petroleum Corp (HPCL) have already said they would be investing Rs 32,000 crore in the proposed PCPIR. The consortium will set up a 15 million metric tonne a year (mmtpa) refining cum-petrochemical complex at the Andhra Pradesh SEZ within the region. Besides this, HPCL is expected invest another Rs 10,000 crore to double its existing 7.5 mmtpa refining capacity in the region.

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