ABG-LDA Bulk Handling Pvt Ltd , a bulk cargo handler, has taken up two major projects at the Visakhapatnam port, one of which is scheduled for completion by end-2014.
Gurpreet Malhi, the CEO of the company, said this on the occasion of achieving financial closure for the fertiliser berth project, estimated to cost Rs 310 crore. The project is being funded by a consortium of four banks headed by the SBH.
He said it would take two years to execute the mechanised berth project which would vastly improve the operational efficiency and reduce pollution at the port, as it would obviate the need for multiple handling.
“Vizag Agriport Pvt Ltd, a joint venture between ABG-LDA and IL&FS Maritime, has taken up the project, with a capacity of 6 million tonnes per annum. We are confident of commissioning it ahead of schedule, sometime towards the end of 2014,” he said.
Referring to the other major project, a multi-cargo mechanised berth currently under execution by the ABG, he said it would be ready for commissioning by the end of December. “The berth, estimated to cost Rs 155 crore, is for handling steel, granite and other bulk cargoes. It will have a capacity of roughly 5 million tonnes per annum,” he said.
He said the company was also operating two cranes with a total capacity of 6 million tonnes per annum in the Visakhapatnam port and “after the completion of the two major projects on hand in Vizag port, our capacity in the port will rise to 15-16 million tonnes.”
Referring to other ports in the State, he said IL&FS Maritime had signed a memorandum of understanding with the Andhra Pradesh Government for setting up a 2.5 million tonne per annum LNG terminal and the project was still in the preliminary stages.